Why Shares of MoneyLion Are Volatile Today
Shares of MoneyLion (NYSE: ML) traded nearly 18% lower as 12:40 p.m. ET today after the company reported earnings results for the fourth quarter of 2021. Since then, however, the stock has rebounded and had fully recouped all of those losses, trading roughly flat as of 2:10 p.m.
MoneyLion reported a loss of $27.6 million, or a loss of about $0.12 per share on total revenue of nearly $55.6 million. Earnings missed analyst estimates, although revenue beat by roughly $7.7 million.
Image source: Getty Images.
Source Fool.com
