Why Remitly Global Stock Lost 5% Today
Remitly Global (NASDAQ: RELY) was among the losers in the fintech sector today as stocks fell broadly in response to a dystopian blog post offering a hypothetical scenario of how AI would disrupt a number of sectors, including financial payments.
The panic surrounding that thesis outweighed a bullish analyst note on Remitly that included a price target hike, and the stock finished the day down 5%.
Image source: Getty Images.
Source Fool.com
