Why Marqeta Sank 23.8% in September
Shares of card-issuing platform operator Marqeta (NASDAQ: MQ) fell by 23.8% in September, according to data from S&P Global Market Intelligence. There wasn't any specific bad news regarding the company last month to explain the slide. In fact, the only news out of the company consisted of press releases announcing more partnerships with leading fintech companies across the globe -- the type of thing the market would normally react positively to.
Rather, the stock's precipitous decline seemed to be the result of macroeconomic fears of higher interest rates and the potential for the U.S. government to slam up against its debt ceiling.
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Source Fool.com
