2023-03-15 16:53:41 ET
FinVolution Group (NYSE: FINV) stock was dropping on Wednesday, down 14.7% at the closing bell. It had been down as much as 20.5% in the morning. The penny stock was trading at $3.83, down about 24% year to date.
The major indexes were mostly down on Wednesday as the S&P 500 was off 27 points, or negative 0.7%, and the Dow Jones Industrial Average was down 281 points, or negative 0.9%. However, the Nasdaq Composite finished the day up 6 points, or 0.1%.
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Why FinVolution Group Stock Was Down 14.7% on Wednesday