DIBS - 1stDibs.com rallies for fifth straight session up 14% on the day and 47% in three weeks
Jewelry-and-antiques platform 1stDibs.com (NASDAQ:DIBS) popped some 15% Monday, rising for a fifth straight session as the stock approached a nearly 50% rebound from the post-IPO low that it closed at just three weeks ago. DIBS rose as much as 16.1% intraday Monday before pulling back slightly to end at $17.73, ahead 14.3% for the session. That’s 47% above the $12.06 that shares closed at on Oct. 6 – DIBS’ worst finish since the company’s June IPO at $20 a share. Monday’s rally came on heavy volume of about 1M shares, or about 5x what’s typical for the DIBS. That said, the up move came on no apparent news other than some positive social-media buzz for the stock. The company’s next likely catalyst will come on Nov. 10, when 1stDibs.com (DIBS) plans to announce 3Q earnings. DIBS runs a popular e-commerce site that sells antique furniture, jewelry, clothing, art and other
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1stDibs.com rallies for fifth straight session, up 14% on the day and 47% in three weeks