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Chime Financial Slumps to 301st in Trading Rankings as Volume Drops 77.17
Generated by AI AgentAinvest Volume Radar
Friday, Jun 13, 2025 8:10 pm ET1min read
On June 13, 2025,
(CHYM) experienced a significant decline, with its trading volume dropping by 77.17% to $329 million, placing it at the 301st position in the day's trading rankings. The stock price fell by 6.25%.Chime's initial public offering (IPO) on the Nasdaq was
with enthusiasm, with the stock opening at $43 per share, marking a 59% increase from its IPO price of $27. This surge in stock price valued the company at over $11.6 billion, despite concerns about its profitability. The IPO involved the sale of 32 million shares at $27 each, with approximately 6.1 million shares coming from existing shareholders. The stock's performance on its debut day was notable, closing at $37.11 after surging 37% during the trading session.Analysts have expressed optimism about Chime's future earnings, predicting a 70% surge in profits for the current year, followed by a 27% growth rate in 2026. This positive outlook is supported by the company's strong market position and innovative financial services. However, the stock's performance has been volatile, with a 1% decline to $36.74 the day after its debut, reflecting the broader market's cautious sentiment.
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