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Shares of payment processor Fiserv (NASDAQ: FISV) plunged on Wednesday, following news of the loss of a large customer. The stock was down 13.1% at the lows of the day, but as of 2:14 p.m. EDT, it was bouncing a bit and is now down about 11%. It was the stock's worst single-day loss since March 2020, when the COVID-19 pandemic was breaking out across the world.
But is the sell-off overdone, and could this bad day be an opportunity for longer-term investors?