Legal Scrutiny Surrounds Marqeta, Inc. as Stock Falls 42.5%

LOS ANGELES, Dec. 6, 2024 /PRNewswire/ — The Law Offices of Frank R. Cruz are investigating Marqeta, Inc. (“Marqeta” or the “Company”) MQ on behalf of investors regarding potential violations of federal securities laws.

If you are a shareholder who has suffered a loss, click here to participate.

On November 4, 2024, Marqeta announced disappointing third quarter 2024 financial results and lowered its fourth quarter 2024 guidance. The Company stated that its “guidance reflects several changes that appeared over the last few months regarding increased scrutiny in the banking environment and specific adjustments to customer programs.”

The announcement caused Marqeta’s stock to drop by $2.53, a steep 42.5%, bringing the closing price down to $3.42 per share on November 5, 2024. This significant fall has adversely affected many investors.

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If you purchased Marqeta securities, have additional information, or wish to learn more about these claims, please contact Frank R. Cruz at The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067, call 310-914-5007, email info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. When inquiring by email, please include your mailing address, phone number, and the number of shares purchased.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles