The Sezzle (ASX:SZL) share price is falling 3% today

The Sezzle share price is bringing up the rear of ASX BNPL shares on Monday.
The post The Sezzle (ASX:SZL) share price is falling 3% today appeared first on The Motley Fool Australia. –

The Sezzle Inc (ASX:SZL) share price is plummeting today despite no news having been released by the company.

In fact, the last time the market heard from Sezzle was nearly a month ago when the company released its earnings for the six months ended 30 June 2021.

Additionally, Sezzle is still seemingly working towards listing its stock in the United States.

At the time of writing, the Sezzle share price is $6.15, 2.84% lower than its previous close.

Making today’s dip more curious is how the rest of the buy now, pay later (BNPL) market is behaving.

While shares in Sezzle are plummeting, Zip Co Ltd‘s (ASX: Z1P) stock is gaining 2.5%. The Laybuy Holdings Ltd (ASX: LBY) share price is also up 2% while that of Splitit Ltd (ASX: SPT) is up 1.1%.

Meanwhile, shares in Afterpay Ltd (ASX: APT) are down 1.4%.

With no obvious rhyme nor reason as to why ASX-listed BNPL shares are performing the way they are today, let’s take a look at what might be driving the Sezzle share price down.

Sezzle share price slides on Monday

The Sezzle share price is in the red today despite no news having been released by the company.

However, it’s managing to hold onto its recent gains. Over the course of Thursday and Friday, Sezzle’s stock gained an impressive 8.7%.

The gains were likely helped along by the broader tech sector. The S&P/ASX All Technology Index (ASX: XTX) recovered from a poor start to the week to gain 2.8% on Thursday. However, it fell 0.1% on Friday and is trading relatively flat today.

The post The Sezzle (ASX:SZL) share price is falling 3% today appeared first on The Motley Fool Australia.

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More reading

ASX tech shares are leading the market’s gains on Thursday

How have ASX BNPL shares performed during the August 2021 earnings season?

Is the Sezzle (ASX:SZL) share price a beaten-up buy?
Why the Sezzle (ASX:SZL) share price is lifting this week
Sezzle (ASX:SZL) share price flat despite $30 million loss

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended AFTERPAY T FPO and ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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