Why Bill.com Shares Fell 11% in December

Shares of Bill.com Holdings (NYSE: BILL) dropped 11% in December by no fault of their own. The company didn't have any major news last month, but its stock was another victim of investors bailing out of high-valuation growth stocks. Bill.com's price chart is almost identical to those of disruptive fintech peers Lemonade (NYSE: LMND) and Marqeta (NASDAQ: MQ). The stock's performance was more about capital market dynamics than anything related to the company's fundamentals.

BILL, MQ, LMND total return level. Data by YCharts.

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Source Fool.com