Sky Quarry Shares Open For Trade At $5.49/Share; IPO Priced At $6/Share On 1,118,005 Shares
Portfolio Pulse from Benzinga Newsdesk
Sky Quarry's shares began trading at $5.49, below the IPO price of $6, on 1,118,005 shares. This indicates a weaker than expected market reception.
October 10, 2024 | 3:43 pm
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Sky Quarry's shares opened at $5.49, which is below the IPO price of $6. This suggests a weaker market reception and potential short-term pressure on the stock price.
The opening price of Sky Quarry's shares is below the IPO price, indicating that the market demand was not as strong as anticipated. This could lead to short-term downward pressure on the stock as investors may perceive the IPO as overvalued.
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