Inspirato stock tumbles 35%, but still 65% above market debut

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Inspirato (NASDAQ:ISPO) stock sank 35% in morning action Tuesday, but was still up 65% since the luxury travel company merged with SPAC Thayer Ventures on Feb. 14.

Shares of Inspirato last changed hands at $17.29 at approximately 10:20 a.m. ET. The stock opened at $27.80 before plunging.

Inspirato shares soared during their market debut on Feb. 14, opening at $10.51 to hit a session high of $16 before closing at $11.12. The stock rocketed again a few days later, hitting a 52-week high of $108 on Feb. 17.

Inspirato operates a subscription luxury travel service that allows subscribers to book trips through its network of upscale hotels and managed vacation homes. The company offers trips to more than 240 destinations worldwide.

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Comments

[DadRuss72]

Bless their hearts. I’ve been on Stocktwits begging people to sell it when it was at $80.

[hello hello]

@DadRuss72 I’m in now at $14 since they just regained compliance and the hearing is cancelled according to 8k release

[DadRuss72]

@hello hello have you sold yet?