🔴 Chime Financial is trading 4.06% down as hotter inflation lifts Treasury yields

Chime Financial is trading at $28.68, down 4.06%, amid broader-market weakness after hotter-than-expected inflation revived rate-hike concerns and lifted Treasury yields.

• September annual headline CPI was 3.7% versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
• No clear company-specific announcement explaining the move surfaced. Coverage of co-founder Ryan King’s reported share transactions on October 9 and October 13 does not establish them as the cause of the October 14 decline.