Is Chime Stock a Buy, Sell, or Hold After Nearly Doubling From Its 52-Week Low?
The hot IPO stock is finally delivering for shareholders.
Overview
Chime (NASDAQ: CHYM) was a hot initial public offering (IPO) last year that hasn't delivered for shareholders. The stock is down 19% from its first day of trading.
However, Chime seems to have managed through the worst of its issues. The stock bottomed out in June, and it's up 80% since then. Is now the time to buy?
Details
Chime is one of the new digital banks that have emerged to offer an improved user banking experience. It targets a lower-income population that may be excluded from the best parts of the financial system.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.