Why Is Everyone Talking About Skillz Stock?
Skillz (NYSE: SKLZ) has been a battleground stock ever since its public debut last December. The gaming service company's stock opened at $17.89 a share on the first day of trading, surged to $46.30 in February during the "meme stock" frenzy, and then tumbled all the way back to the mid-teens.
Let's see why Skillz has attracted so much attention from the bulls and bears, and where its volatile stock could be headed.
Skillz didn't go public through a traditional IPO or direct listing. Instead, it agreed to be acquired by a publicly traded SPAC (special purpose acquisition company) called Flying Eagle Acquisition Corp. Flying Eagle's investors received new shares of Skillz after the merger closed.
Source Fool.com
