Marqeta shares plunge more than 30% on big forecast miss
Portfolio Pulse from
Marqeta's shares dropped over 30% in extended trading after the company released guidance that missed analysts' expectations. The stock was already down 15% for the year and has lost over 80% of its value since its 2021 peak.
November 05, 2024 | 12:30 pm
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Marqeta's stock fell over 30% in extended trading due to disappointing guidance, adding to its existing decline of 15% this year and over 80% since 2021.
The significant drop in Marqeta's stock price is directly linked to the company's guidance missing analysts' expectations. This news is highly relevant and important for investors as it indicates potential financial instability or challenges in meeting market expectations. The stock's prior decline further exacerbates investor concerns.
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IMPORTANCE 90
RELEVANCE 100