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Why Marqeta Stock Was Surging Higher Today

TheMotleyFool

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Why Marqeta Stock Was Surging Higher Today: https://g.foolcdn.com/editorial/images/702822/2-people-looking-at-a-laptop-screen.jpg

Marqeta (NASDAQ: MQ) saw its share price jump higher during trading on Wednesday afternoon. The price hit $7.33 at about 3:07 p.m. ET, a 9.2% increase from the previous day's close. The stock price is down about 57% year to date.

It was a good day overall as the Dow Jones Industrial Average was up 565 points (1.9%), the S&P 500 was up 73 points (2%), and the Nasdaq was up 223 points (2.2%) as of 3:07 p.m. ET.

There did not appear to be any specific company-related news that jolted Marqeta higher on Wednesday. Rather, the payment infrastructure provider rode the momentum that lifted most growth stocks.

Source Fool.com

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