Mcafee Corp. Cl A (MCFE)
$21.85 1.07 (5.15%)
13:52 EST MCFE Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap -
PE Ratio -
Volume (Avg. Vol.) 1.11M
Day's Range 20.55 - 22.14
52-Week Range 14.80 - 20.82
Dividend & Yield N/A (N/A)
MCFE Stock Predictions, Articles, and Mcafee Corp. Cl A News
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The IPO market has been beneficial this year, which makes the performance of the worst IPOs of 2020 all the more disappointing.
MCFE stock is down over 12% since going public. But this could present an opportunity for investors to get in on McAfee.
McAfee is highly rated and has a good management team, while the valuation of MCFE stock is quite low.
MCFE stock got off to a slow start following its recent IPO. The temporary lull creates a buying opportunity here for investors.
The MCFE stock IPO disappointed Wall Street, with shares down 15% since listing. But don't discount the private equity spin so quickly.
By Thomas Niel
So, what's the play? Take a wait and see approach with MCFE stock. Waiting for a catalyst to show up, or for prices to reach a more reasonable entry point, makes more sense than diving in today, and hoping for the best.
McAfee is a carve-out IPO that mainly benefits its private equity owners. MCFE stock is not worth the juice given its confusing structure and mediocre financials.