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Stock impact report

Will These 2 Hair Removal Stocks Put Hair On Your Portfolio's Chest? [The Motley Fool]

European Wax Center, Inc. - Class A (EWCZ) 
Company Research Source: The Motley Fool
Summer and autumn 202 have seen initial public offerings (IPOs) from two companies related to hair removal. First to go public wasEuropean Wax CenterNASDAQ:EWCZMilan LaserSome of the metrics of these companies look quite positive, though European Wax Center at least has shown a lot of volatility, so bullishness should be tempered with caution.European Wax Center -- big gains, but not as smooth as its treatmentsBarely two and a half months out from its Aug. 5, 202 IPO, European Wax Center sold its initial shares at $7 apiece, raising an approximate $80 million in proceeds. As of mid-October, its shares are trading in the $25 to $27 region, or a nearly 60% upside from its launch. This gives it a current market capitalization (market cap) of $.73 billion, with relatively low short interest of 4.65%.European Wax currently operates 85 outlets providing waxing and other treatments for hairless skin, and selling related retail items. On Sept. 4 it reported a powerful rebound from last year's Show less Read more
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