Why The RealReal Stock Rose 13% in June
Shares of The RealReal (NASDAQ: REAL), a retailer of second-hand, high-end designer goods, rose 13% in June according to data from S&P Global Market Intelligence. But that's not the full story, since the shares were, at one point in the month, up by nearly 30%. And they have continued to fall since the end of the month as well. So the monthly gain isn't really a telling sign of anything, it's more of a snapshot taken in the middle of a bigger event.
The thing is, this up and down price action isn't really that unusual for The RealReal over the last year or so. In fact, over that span it rose around 100% at one point in 2020 and then lost it all before starting to rise again in May of this year. All along the way there were fairly swift and dramatic price changes. This is not the type of stock a risk-averse investor should be looking at right now.
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Source Fool.com
