Wealthfront’s stock has gotten walloped, plunging 42% since it went public at $14 a share last December. The stock price is likely to recover some of those losses, but it could take a while. A ...
The company’s business is sensitive to the direction of interest rates as Wealthfront relies on its cash management offering for a large portion of its revenue.
Wealthfront (WLTH) stock dropped 6.2% after Q4 earnings revealed $135M loss from IPO charges and $360M cash management outflows despite revenue beat.
Automated digital wealth-management platform Wealthfront is set to list on the Nasdaq under the symbol “WLTH.” The company seems positioned for a strong debut, but history shows that early enthusiasm ...