Klarna shares fell approximately 4.6% on March 16. An analyst downgraded the stock to Sell due to credit loss provision concerns.
Selling pressure followed the March 9 post-IPO lock-up expiration. This event released a significant volume of shares and erased a rally from the previous session.
Board Chairman Michael Moritz purchased nearly $50 million in stock between March 3 and March 11. While the purchase signaled confidence, negative analyst sentiment drove the stock's performance on March 16.