Why Marqeta Stock Rocketed Higher Today

·1-min read
Why Marqeta Stock Rocketed Higher Today

Shares of Marqeta (NASDAQ: MQ) were up 11.9% as of 2:47 p.m. EDT on Monday after the modern card issuing platform announced a partnership with Branch and Uber Technologies (NYSE: UBER) to handle payments for carriers that use Uber Freight. The partnership with Uber Freight is a new market opportunity for Marqeta in transportation, where Uber has already emerged as one of the leading digital freight brokers globally outside of China. Marqeta, which completed its initial public offering in June, has already benefited from enormous momentum lately.

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