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Why Sezzle (SEZL) Shares Are Trading Lower

Author: Henry Khederian | July 11, 2024 11:10am

Sezzle Inc (NASDAQ:SEZL) shares are trading lower by 1.3% to $80.90 during Thursday’s session after the company announced a proposed resale of up to 3,414,736 shares of common stock by selling stockholders.

The resale by the selling stockholders is not being underwritten by any investment bank. The company says it will not receive any of the proceeds from the sale of shares of common stock in this offering. Additionally, the selling stockholders may or may not elect to sell all or any portion their shares of common stock.

Read Also: Inflation Slows More Expected To 3% In June, Heightens Expectations For Rate Cuts: Treasury Yields Tumble

Should I Sell My SEZL Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Sezzle stock currently has an RSI of 48.90, indicating neutral conditions.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

SEZL has a 52-week high of $100.00 and a 52-week low of $7.15.

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Posted In: SEZL

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