StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer recently shared his thoughts on. Discussing how froth can lead to losses, Cramer said:
“That’s why I didn’t mind what happened to StubHub, the online ticket seller, came public at 23:50 today, and then saw its stock fall below its offering price by 1:15 PM. It finished the day at 22 bucks. Ouch. Look, I’m not picking on StubHub. I actually use them to get tickets wherever I go, including Wembley to see the Eagles play the Jags in a previous decade. I’m a fan of StubHub, but I’m happy to see this IPO fizzle because it will help curb your enthusiasm.”
Photo by Roberto Júnior on Unsplash
StubHub Holdings, Inc. operates an online marketplace for buying and reselling tickets to sports, concerts, theater, and live events.
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This article is originally published at Insider Monkey.