Bread Financial stock slides 2.06% and underperforms competitors
Updated
Updated · MarketWatch · May 7
Bread Financial stock slides 2.06% and underperforms competitors
10 articles · Updated · MarketWatch · May 7
Shares closed at $86.48 on Thursday, as the S&P 500 fell 0.38% to 7,337.11 and the Dow Jones dropped 0.63% to 49,596.97.
The decline ended a two-day winning streak and left the stock 12.76% below its 52-week high of $99.13 reached on 23 April.
Bread Financial lagged Visa, whose shares rose 0.78%, while American Express and Capital One also fell; trading volume of 547,901 was below its 50-day average.
After a stellar quarter, why is Wall Street suddenly bearish on Bread Financial?
Can Bread Financial's AI strategy overcome looming consumer debt fears and new regulations?