Mixed Outlook for CLA IPO Amid Rising Competition and Interest Rate Concerns

30 days ago

Multiple Speakers

"CLA fell 3.8% today. Remember it IPOed a few weeks ago at about 40 at $40 a share fell below the IPO price for the first time and increased competition worries about interest rates. We're not seeing any cracks in the consumer."

The discussion on CLA, a recent IPO, notes that the stock has fallen 3.8% and is trading below its IPO price, driven by concerns over increasing competition and interest rates. This casts a slightly negative light on the near-term outlook.

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