Nuvei Corp T.NVEI

The "Nuvei Bleeding" Continues

[NLMoose]

After enduring two days in a row of declining share prices, it seems the bleeding continues as Nuvei shares are down for the third day in a row.

If the trend continues, I'm concerned that Nuvei will end up like "Research In Motion" (now known as Blackberry) and Nortel Networks whom were Canada's tech marvels, but then collapsed and went bankrupt.

What's wrong with Nuvei lately?

One down day is ok, but three days in a row is concerning as it could mean that Nuvei are losing money or having financial problems.

[retiredcf]

Here's a possible reason but it doesn't change the good fundamentals for NVEI. GLTA A so-called “blue wave” would give more scope for President-elect Joe Biden to act on his reform plans including new COVID-19 stimulus - which could be inflationary - but it could also mean higher corporate taxes and more regulations for technology behemoths, which had led Wall Street’s recovery from a

[NLMoose]

Still concerning when Nuvei lost 21.012% of its peak value in a short period of time, which is a warning sign. It happened with Nortel Networks in 2000 when their stock plunged to "penny stock status", went bankrupt, and eventually under control of a Chinese based telecom company called Huawei. Even Blackberry is a shadow of its past strong self. Now I'm worried that Nuvei will

[Couchpilot]

apples and oranges

[Infiniti8]

The Nortel comparison is rediculous.  If you believe that is going to zero then you should sell or if you believe in the company and their fundamentals then buy more to average down your price.  Walmart is getting into Fintech and has likely been a bit of the catalyst of others in this category declining.