The Fall and Fall of Tintri Stock
There have been a lot of hard-hit debutantes this year, and one of this year's biggest IPO disappointments is Tintri (NASDAQ: TNTR). The provider of enterprise cloud solutions went public at $7 in late June, and it's been largely downhill ever since.
Sluggish demand for shares just ahead of the IPO and a brutal quarterly report have doomed Tintri. The past few weeks have been laden with analyst downgrades and corporate litigation firms drumming up support for class action lawsuits to recover stock losses. It's been a rough run for investors trying to call bottom on a stock that keeps sliding. Tintri stock has fallen every single month in its brief tenure as a public company, surrendering 56% of its value along the way.
Image source: Tintri.
Source: Fool.com
