Why Marqetaʻs Stock Price Sank Then Recovered Thursday
It was a wild day for Marqeta Inc. (NASDAQ: MQ) as its stock price sank like a stone after the opening bell on Thursday, dropping some 34% at 9:37 a.m. ET. At 9:41 a.m., trading momentarily halted for a limit-up, limit-down (LULD) pause due to excess volatility.
The stock began trading again at around 9:46 a.m. ET, according to The Fly, and rebounded quickly thereafter. It was down only 2.2% to $10.96 per share at the closing bell.
What caused the volatility for Marqeta?
Source Fool.com
