U - 4 Reasons to Buy Unity Software Stock and 4 Reasons to Sell
2023-10-04 06:45:00 ET
Unity Software (NYSE: U) initially attracted a stampede of bulls when it went public at $52 on Sept. 18, 2020. The game-engine developer's stock opened at $75 and eventually soared to a record high of $201.12 on Nov. 18, 2021.
But today, Unity trades at about $31, sinking below its initial public offering price as it disappointed investors with its slowing growth, lack of profits, and divisive business strategies. Rising interest rates also popped its bubbly valuations.
Should investors still buy Unity after that steep decline? To decide, let's review four reasons to buy this stock and four reasons to sell.
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4 Reasons to Buy Unity Software Stock, and 4 Reasons to Sell