Diamonds and Dogs

9/19/23

Instacart (CART) is the new IPO darling. The grocery delivery stock is up 33% after coming public today at the high end of its pricing range. ARM Holdings came public last week but is down 15% from the highs since then. We'll see how Instacart reacts going forward.

Planet Fitness (PLNT) won't pump you up. The gym franchise company is down 4% thanks to a downgrade at JPMorgan and from a number of other firms after the abrupt resignation of the CEO last week. The stock is down 23% since then.

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