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Neo-Concept International Stock Falters Following IPO Spike
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Neo-Concept International Stock Falters Following IPO Spike
May 20, 2024 1:13 PM

Neo-Concept International Group Holdings Limited ( NCI ) shares are trading lower Monday as the stock falters following its Nasdaq debut. Here's a look at what to know. 

The Details:

Neo-Concept International ( NCI ) shares began trading on April 23 with an initial public offering of 2,320,000 shares at a price of $4.00 per share. The stock spiked on its first day of trading and reached an all-time high of $11.39 the following day. 

Neo-Concept International’s stock has fallen following the initial IPO spike and is down by nearly 90% since its Nasdaq debut.  

Neo-Concept International ( NCI ) offers services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management through Neo-Concept HK.

Related News: What’s Going On With AMC Entertainment Stock?

How To Buy NCI Stock:

By now you're likely curious about how to participate in the market for Neo-Concept International ( NCI ) – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Neo-Concept International ( NCI ), which is trading at $1.01 as of publishing time, $100 would buy you 99.01 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

NCI Price Action: According to Benzinga Pro, Neo-Concept International ( NCI ) shares are down 1.92% at $1.02 at the time of publication Monday.

Image: Kazun from Pixabay

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