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Why Chime Financial Sank Today

TheMotleyFool

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Shares of fintech Chime Financial (NASDAQ: CHYM) fell on Friday, down 11.9% as of 12:00 PM EDT.

Chime is a newly public fintech that had its initial public offering back on June 12. The stock garnered an enthusiastic response, jumping nearly 60% in its first few minutes of trading that day.

But the stock has come off the boil since then, and while last night's earnings release showed impressive results, they weren't enough for investors that had already bid up the stock.

Source Fool.com

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