Stock Track | LexinFintech Holdings Plummets Over 20%, Heading for Worst Day Since March 2022

Stock Track
Oct 28

LexinFintech Holdings Ltd. (LX) shares plummeted by 20.02% in Tuesday's intraday trading, marking a significant downturn for the Chinese consumer lender. This sharp decline puts the stock on track for its largest percentage decrease since March 11, 2022, when it fell 26.51%.

The dramatic drop is part of a broader negative trend for LexinFintech. The stock is currently down for the third time in the past four days and has declined for two consecutive sessions, with a cumulative loss of 26.8% over this period. This represents the worst two-day stretch for the stock since April 7, 2025. Moreover, LexinFintech is down 21.58% month-to-date, potentially facing its worst monthly performance since April 2025.

The sell-off has pushed LexinFintech's stock to trade as low as $4.13, its lowest intraday level since November 26, 2024. This latest plunge exacerbates the stock's year-to-date losses, which now stand at 27.93%, putting it on pace for its worst year since 2022. The decline is part of a broader trend affecting Asian equities traded in the US, with the S&P Asia 50 ADR Index slightly lower. However, LexinFintech's drop is notably more severe than the general market movement, suggesting company-specific concerns may be driving the sell-off.

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