dLocal Ltd (DLO) is trading -15% lower at $25.25 today. The stock is lagging peers on a gloomy day for the Information Technology sector.

dLocal Ltd has been trading between a 52-week high of $73.43 and a 52-week low of $15.19. The stock has a market cap of $7.45 Billion.

DLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Scatamarano89 - 5 upvotes - source
Just realized how fucked i am. To not be margin called and MAYBE make some money i need: 1) DLO, a NASDAQ traded fintech, to keep rising to at least $35 2) TQQQ to go down to around $25 before mid September (see the problem?) 3) fucking BBBY to reach at least $14 4) WHKS, another NASDAQ traded stock, to end the year around $7 my portfolio has multiple personalities with completely opposite wants and i didn't even make it on purpouse, it just...happened! Fuck i'm retarded

Throwingdartsmouth - 1 upvotes - source
Dlo p/e is way too high. Can't you sell now or around $30?