Marqeta makes marginal recovery day after hitting record low

Marqeta

06/11/2024 12:57

** Shares of payments tech firm Marqeta  MQ.O  rise 2.6% to
$3.51 premarket
    ** Stock lost ~43% and hit a record low on Tuesday after MQ
forecast Q4 revenue below estimates
    ** At least eight brokerages have cut their price targets on
the stock after its earnings report
    ** Shares have lost half their value YTD
    ** Meanwhile, U.S. financial firms' stocks gained on
Wednesday after Donald Trump won back the White House

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))