After a sharp move lower, Matterport (NASDAQ:MTTR) stock is bouncing back. “Meta madness” sent it zooming higher in November. But with the omicron and Federal Reserve fueled growth stock selloff earlier this month, investors bailed on this spatial data platform operator.
Trading for as much as $37.60 on Dec. 1, it fell to as low as $20.16 on Dec. 15. Yet since then, the market has tried again to shake off pandemic and Fed-related fears. In turn, this growth stock is moving higher again. As I write this, it’s changing hands for around $24.25 per share.
So, with this rebound, what’s the best move?
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