Klarna Stock Is Deeply Oversold After Ugly Earnings Plunge. Should You Buy the Dip in KLAR Here?

Klarna (KLAR) shares closed roughly 26% down on Thursday even though the buy now, pay later (BNPL) firm posted its first billion-dollar quarter. Investors bailed on KLAR mostly because its profitability metrics deteriorated in the fourth quarter and the management offered disappointing guidance for Q1. Following the post-earnings decline, Klarna’s relative strength index (14-day) sits at about 18.39, indicating extremely oversold conditions that often trigger a relief rally. More News from Barchart How ...