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Marqeta Stock Jumps in Reaction to Citron Research Tweet By Investing.com

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Company that provides digital payment technology Marqeta Inc (NASDAQ: ) witnessed a surge of activity within the last few hours following Andrew Left, from Citron Research, set a $50 price target for the stock.

Marqeta shares rose to an all-time high of $24.27 after the announcement. It now stands at $23.82, up more than 5.8% over the previous day.

Left, via Twitter: (NYSE:), Marqeta has been the longest-running long-term setup. DigitalOcean Holdings (NYSE:), described by him as the Shopify of cloud computing in August.

Marqeta tweeted: “$MQ-Best long setup since $DOCN, with a product that is loved by developers and misunderstood at Wall St… Wait to see what the most prominent Fintech experts have to say about $MQ. $50 transaction. “Report to follow.”

“Congratulations $BTC Holders for 60k…now if youre not feeling like popping the champagne, $MQ will do the trick. It is the most efficient way to convert BTC into spending. In a separate tweet, the stock-bull activist short-seller said that $COIN and BlockFi agreed.

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