Is Chime Stock a Buy, Sell, or Hold After Nearly Doubling From Its 52-Week Low?
Chime (NASDAQ: CHYM) was a hot initial public offering (IPO) last year that hasn't delivered for shareholders. The stock is down 19% from its first day of trading. However, Chime seems to have managed through the worst of its issues. The stock bottomed out in June, and it's up 80% since then. Is now the time to buy? Chime is one of the new digital banks that have emerged to offer an improved user banking experience. It targets a lower-income population that may be excluded from the best parts of the financial system. Continue reading