Why Shares of Marqeta Are Rising Today

Why Shares of Marqeta Are Rising Today

Shares of card issuer Marqeta (NASDAQ: MQ) had risen more than 10% as of 12:05 a.m. ET after fintech stocks rebounded and the company announced a new partnership. Fintech stocks have gotten hammered this month as signs of higher inflation and then the discovery of the omicron variant of the coronavirus hit the sector with a double whammy. Marqeta is down more than 30% over the last month.