Why StubHub Plunged 35% in March
Shares of StubHub (NYSE: STUB) plunged 34.8% in March, according to data from S&P Global Market Intelligence.
StubHub delivered its second-ever earnings report after going public last September, but fourth-quarter results underwhelmed expectations. Moreover, management also hinted that 2026 might not see a significant upswing in the company's direct ticketing revenue as some might have expected; meanwhile, a portion of the secondary ticketing industry has also come under regulatory scrutiny in recent weeks.
Still, after StubHub's stock has fallen from an IPO price of $23.50 to just above $6, shares look somewhat enticing at these low levels.
Source Fool.com
