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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Marqeta Had a Momentous Week: Here's What It Could Mean for the Stock

Billy Duberstein, The Motley Fool
·6 min read
Marqeta Had a Momentous Week: Here's What It Could Mean for the Stock

Marqeta has actually displayed strong growth during its public life, beating revenue estimates in every one of its earnings releases since going public. Part of the reason Marqeta has sold off despite relatively solid results was last summer's announcement that founder and CEO Jason Gardner would be stepping down as CEO and into the executive chairman role. No replacement had been announced for months, and Marqeta's stock continued to languish.

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