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Netshoes’ stock plummets again, after J.P. Morgan swings to bearish from bullish

“The company went public on April 12, 2017 at an initial public offering price of $18 a share” writes Reporter Editor for Over the past 12 months, the stock has tumbled 89.5%, while the Renaissance IPO ETF IPO, +0.69% has gained 15.1% and the S&P 500 SPX, +0.54% has tacked on 13.5%.Analyst Andre Baggio cut his rating two notches to underweight, after being at overweight since he started covering the company in May 2017.

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