Value in 60 Seconds: Wall Street cashes in on crazy IPOs

David mentioned the Kava IPO was kind of crazy recently. Peloton was one a few years ago that we warned about. They've had a litany of issues that we've highlighted through multiple research reports you can find on the site. It's one that could fall a lot further than that $7.50 a share that they're around right now. One of many danger zone zombie stocks that fell big over the past week. There seems a possible turn as some of the mania around some of these names fades away and we get a little bit back to reality in some of these highly overvalued zombie-type stocks.

Yeah, I got a theory, Kyle, that Wall Street was looking to get one big last bonus before taking off for the summer and to cash in big money on Kava, some of these other IPOs. some of these other grossly overvalued stocks and things are going to fall apart over the rest of the summer. But guess what? Those investment bankers made $25 or $30 million on that Kava IPO. Who knows how much they're making trading Nvidia? So they're going to be good to go. Plenty of beer money for the summer.