Shares of The Honest Company (NASDAQ: HNST) fell as much as 30% in early trading on March 25. That's a massive hit, though the stock had pared the loss some by the end of the day. But the really shocking thing is that, since an early pop after the company's initial public offering (IPO) in May 2021, the stock has moved steadily downhill. The stock is now down nearly 80% from its post-IPO high. Recent price action, despite the shocking size, is just a minor blip in the ongoing downtrend.
This is a former Wall Street darling that clearly hasn't lived up to the hype. But how bad is it?
Image source: Getty Images.
For further details see:
The Honest Company Crashed Last Week: Has the Story Changed?