Why CURO Group Holdings Dropped 13% Today

Shares of CURO Group Holdings (NYSE: CURO) are down 13% as of 12:50 p.m. EST on Monday. But holders of the stock probably aren't complaining after the stock soared almost 90% in Friday's session. 

CURO is a provider of short-term loans to non-prime, underbanked consumers, and owns approximately 40% of financial technology (fintech) company Katapult Holding. The news on Friday that drove up CURO shares was a merger announcement that will bring Katapult public. 

Image source: Getty Images.

Continue reading

Source Fool.com