Chime stock price market action in "chime stock price"
Market action in "chime stock price" has attracted institutional interest, with hedge funds increasing positions. Earnings per share growth outlook of 8–10% supports technical gains toward $39 averages. The Shiller P/E has decisively shown that extended valuation premiums aren't well-tolerated by Wall Street or investors, which eventually leads to significant downside for the S&P 500, Dow Jones, and Nasdaq Composite. Yet historical precedent also shows that stock market cycles are undeniably nonlinear. There’s likely some investor disappointment that the company didn’t beat Wall Street’s expectations by an even wider margin. But the bigger issue is future growth. Chime only added 100,000 new active customers from the prior quarter, edging its total monthly active user base up to 8.7 million. Given Chime’s heavy spending on marketing and sales and continued efforts to bring more customers in the door, “We were hoping for a little more upside,” Deutsche Bank analyst Nate Svensson wrote in a research note. The "chime stock price" is trading near its 50-day moving average, with stochastic indicators hinting at possible upward crossovers. Momentum traders place upside limits around $39.5 in near-term scenarios.
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