Why StubHub Plunged, Then Recovered Today
Shares of StubHub (NYSE: STUB) fell as much as 9.7% on Thursday, before recovering to just a 3.1% decline by the end of the day's trading.
StubHub had already had a rough go of it in its short time as a public company, beginning the day at $6.36 per share -- a far cry from its $23.50 IPO price last September.
However, things went from tough to worse, as the Federal Trade Commission announced it was filing a lawsuit against the company, charging StubHub with violating the agency's "all-in" pricing initiative, which went into effect May 12, 2025.
Source Fool.com
