OPRA - 4 Reasons to Buy Opera Stock and 4 Reasons to Sell
2023-10-09 09:31:32 ET
Opera (NASDAQ: OPRA) has taken investors on a wild ride since its initial public offering (IPO) in 2018. The Norwegian web browser developer went public at $12 per American depositary share (ADS), but its shares slumped to an all-time low of $3.49 on Oct. 24, 2022. However, investors who bought the stock on that day were well rewarded as it rallied to a record high of $27.83 on July 13, 2023.
Today, Opera's stock trades at around $10. Should investors consider that 64% pullback to be a buying opportunity or a red flag? Let's review four reasons to buy Opera -- as well as four reasons to sell it -- to see where this divisive stock might be headed.
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4 Reasons to Buy Opera Stock, and 4 Reasons to Sell