Dave Inc is trading at $247.90 (down 7.1%) as the stock undergoes a technical pullback and profit-taking following a significant rally in late May.
- The decline marks a multi-day slide for the stock, which has seen no new company-specific news beyond routine annual meeting results.
- The move appears to be driven by a risk-off market sentiment and investors locking in gains after recent outperformance.
- Shares are retreating after a sharp run-up that occurred in late May.