Why Marqeta Plunged 35.8% in November
Shares of card-issuing fintech Marqeta (NASDAQ: MQ) plummeted 35.8% in November, according to data from S&P Global Market Intelligence.
It was a strange month for Marqeta to decline that much, since it reported earnings that handily beat analyst estimates and also raised guidance for the next quarter. Still, those strong numbers weren't enough to offset the widespread sell-off in high-multiple stocks toward the end of the month.
Image source: Getty Images.
Source Fool.com
