Why Chime Stock Dropped 24% in September
Shares of Chime Financial (NASDAQ: CHYM) stock fell 24% in September, according to data provided by S&P Global Market Intelligence.
It's still coming off its fresh initial public offering (IPO) that brought its valuation to soaring levels, and the natural progress in these cases is often that the stock drops from hyped-up levels before it settles at a more balanced price.
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Source Fool.com
