PayPal announced they were entering the BNPL sector on the 1st of September, which since then 2 working weeks have passed.
SPT has remained steady at 1.50-1.60 whereas the rest of the sector has taken a beating.
This stock hasn’t followed the downward trend as other BNPL stocks have mainly due to its unique offering in the market place. Clearly there’s a unique differentiator here, and the market seems to agree. Just look at the amount of buyers vs sellers in SPT vs SZL as an example.
Of course, anything can happen next week, but the stock as held strong since then & I think if it wanted to fall and follow the same pattern as other BNPL stocks, then 9 working days would’ve been an ample amount of time for it to do so.
The market views SPT in a different light.
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