Nomad Royalties price when it was recommeded.It caught my eye when I saw the performance of Nomad Royalties of around 600%. The teaser tracker says that the price of the stock was around $0.94 on Feb.2 2021. Doing my research on it, I found that the price of the stock was $8.81 that day, why then the discrepancy on the buy price?
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Haven’t updated for the share consolidation yet, sorry about that. Nomad is actually down about 30% since it was teased back in February.
The new teaser stocks are having a tougher year this year than last year, for sure, only about 20% of them are beating the market, and less than half are showing a positive return at all. I guess that shouldn’t be surprising, given how elevated a lot of hot “story” stocks were in the first few months of the year, but it’s interesting to see after last year’s blockbuster performance, when the average teaser stock beat the market (I think that’s the only year when I’ve seen that happen).