After Plunging -29.34% in 4 Weeks, Here's Why the Trend Might Reverse for Marqeta (MQ)
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Marqeta (MQ) has experienced a significant decline of 29.34% over the past four weeks, placing it in oversold territory. The exhaustion of selling pressure, combined with Wall Street analysts raising earnings estimates, suggests a potential trend reversal for the stock.
November 06, 2024 | 3:45 pm
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Marqeta's stock has dropped significantly, but it is now in oversold territory. Analysts are raising earnings estimates, indicating a potential trend reversal.
The stock's significant decline has led it to oversold territory, which often precedes a price rebound. Additionally, the consensus among analysts to raise earnings estimates suggests improved future performance, supporting a potential upward trend.
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