Branchout Food Shares Open For Trade $5.69/Share; IPO Priced At $6/Share
Portfolio Pulse from Benzinga Newsdesk
Branchout Food's shares opened for trade at $5.16 per share, below the IPO price of $6 per share.
June 16, 2023 | 3:37 pm
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NEGATIVE IMPACT
Branchout Food shares opened for trading at $5.16, lower than the IPO price of $6.
Branchout Food's shares opened for trading at a price lower than the IPO price, which indicates a negative sentiment among investors. This could lead to a short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100