StubHub (STUB) Recovers From Losses on Bargain-Hunting

We recently published Market in Pain? Not For These 10 Celebrating Stocks. StubHub Holdings Inc. (NYSE:STUB) is one of the top performers on Tuesday.

StubHub snapped a three-day losing streak on Tuesday, jumping 7.98 percent to close at $18.80 apiece as investors resorted to bargain-hunting following the previous days’ losses.

StubHub Holdings Inc. (NYSE:STUB) is a newly listed company that debuted on the stock market only last week. During its IPO, the company, however, immediately declined as investors hungered for higher growth stocks such as those in the technology and AI sectors.

StubHub (STUB) Recovers From Losses on Bargain-Hunting

Pixabay/Public Domain

The company was able to raise $800 million from the issuance of 34 million shares to the public. It said it planned to use the proceeds from the offer to pay down debt, while the balance will be allocated for general corporate purposes.

Founded in 2000, StubHub Holdings, Inc. (NYSE:STUB) is a marketplace where people can buy and sell tickets online for live events.

While we acknowledge the risk and potential of STUB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than STUB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.