Why Sezzle Stock Fell 16% in September

Shares of Sezzle (NASDAQ: SEZL), the high-flying BNPL (buy now, pay later) stock, were pulling back in September as part of a broader retreat among fintech stocks.Investors sensed a weakening in the credit market as downbeat employment data and a pair of bankruptcies in the auto sector sent Sezzle and a number of its peers lower last month, even as the broad market gained. Sezzle is a recent IPO, and investors have yet to see it go through a full credit cycle. Therefore, it's not surprising for it to show some sensitivity to rising credit risk.According to data from S&P Global Market Intelligence, Sezzle stock finished the month down 16%. As you can see from the chart below, the stock was volatile but steady through the first few weeks of the month before sinking toward the end, following the Federal Reserve's rate cut.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool