Sacks Parente Golf’s stock slides 30% premarket after more than 600% gain in in its trading debut Tuesday

Sacks Parente Golf Inc.’s stock SPGC slid 30% in premarket trade Wednesday, after closing up 624% Tuesday in its trading debut on Nasdaq. The golf equipment maker went public at $4 a share after upsizing its deal at pricing and closed at $29.87. The loss-making company is the first golf IPO since 2016 when Acushnet Holdings Corp. GOLF parent of the Titleist brand, came to market. It’s the latest consumer company to enjoy strong gains in its trading debut, after Cava Group Inc. CAVA, the Mediterranean-style fast-casual restaurant chain that opened up 90.9% on its first day of trade in June, and Oddity Tech Ltd., parent…