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Wajeeh Khan

Klarna Stock Plunges Toward Oversold Territory on Post-Earnings Selloff. Should You Buy the Dip?

KLAR Klarna BNPL CNBC fintech

Klarna (KLAR) stock lost nearly 10% on Nov. 18 after the buy-now-pay-later (BNPL) firm posted $95 million in net loss for its fiscal Q3, down sharply from $12 million in net income last year. 

The selloff saw KLAR’s 9-day relative strength index (RSI) slip into the oversold territory below 30, indicating bears will likely remain in control in the near-term. The 14-day RSI is now hovering just above 30 as well. 

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