Published on 4 May 2023 on Simply Wall St. via Yahoo Finance
Strong week for Arco Platform (NASDAQ:ARCE) shareholders doesn't alleviate pain of three-year loss
Arco Platform Limited (NASDAQ:ARCE) shareholders should be happy to see the share price up 12% in the last week. But that doesn't change the fact that the returns over the last three years have been stomach churning. Indeed, the share price is down a whopping 78% in the last three years. So it's about time shareholders saw some gains. The thing to think about is whether the business has really turned around.
Although the past week has been more reassuring for shareholders, they're still in the red over the last three years, so let's see if the underlying business has been responsible for the decline.
Check out our latest analysis for Arco Platform