Inspirato ( NASDAQ: ISPO ) stock hit a new 52-week low, two days after the luxury travel services platform released a mixed quarterly earnings report.
Shares of Inspirato opened at $4.93, reaching a high of $5 in early trading before sliding to $3.78, a new 52-week low, in mid-morning. The stock recently changed hands at $3.96, down 21% from Tuesday’s close, at approximately 1:50 p.m. ET.
On Monday, Inspirato released a mixed Q2 earnings report, with revenue falling short of estimates. The company also reported a narrower-than-expected loss and issued 2023 guidance.
The company went public on Feb. 14 through a merger with SPAC Thayer Ventures, with shares closing at $11.12. The stock rallied heavily right after the merger, reaching a 52-week high of $108 on Feb. 17, but then plunged in early March.
For more on Inspirato, check out SA contributor Felix Fung’s “Inspirato: A Luxury SaaS Traveling Company.”
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Travel services platform Inspirato stock falls 21%, hits new 52-week low