Dave Inc. (DAVE) shares declined on September 11, 2026, as investors reassessed the fintech firm's premium valuation.
Company insiders sold more than $93 million in stock over the past year.
Negative sentiment persists following a second-quarter earnings report that revealed a significant gap between adjusted and GAAP profits. Management also signaled plans for increased marketing expenditures.
The stock failed to maintain key technical support levels, further accelerating the downward momentum.