Could Skillz Be a Millionaire-Maker Stock?
It's been an adventurous first few months of public trading for Skillz (NYSE: SKLZ). The mobile esports platform hit the market as a trendy special purpose acquisition company -- or SPAC -- deal late last year.
The game was afoot in early September after announcing that it would be joining forces with First Eagle Acquisition to go public via the SPAC route. By the time it officially hit the market after the combination was finalized in mid-December, the first trade crossed the wires at $17.89.
The last five months have been pretty wild for Skillz investors. The stock has traded as high as $46.30 in February, only to shed most of its value when it bottomed out at $12.40 in April.
Source Fool.com
