Acuityads volatility On Dec 22nd Acuity traded as high as $22.44 and eventually dropped to a low of $12.06 on Jan 5th. Anyone remember that one? This represent a 46% drop from its high. Fast forward to today. Acuity traded at an all time high of $32.75 on Feb 22nd and has dropped to a low of $16.15 on March 4th for a staggering 50.68% drop. We all remember what happened after Jan 5th. I suspect we will see a resurgence in our stock price to a new all time high in the coming months much like what happened after Jan 5th.
Fyi, Amazon experienced 50% drawdowns many times along the way when they were an up and coming tech stock.