Fair Isaac Stock Plunges 16% Despite Positive News On Brazilian Credit Platform

(RTTNews) - Fair Isaac Corp. (FICO) shares fell sharply by 16.53 percent to $1,560.76 on Tuesday, despite announcing a successful collaboration with Bradesco to digitize rural credit in Brazil through the E-agro platform.

The stock dropped $276.83 following a session that saw an unusually high trading volume of 759,411 shares compared to its average of 262,303.

Shares opened at $1,878.86 and traded as low as $1,520.00 during the day on the New York Stock Exchange. FICO now trades near the lower end of its 52-week range of $1,484.29 to $2,402.52.

The selloff comes even as FICO highlighted the transformative impact of its platform, which helped Bradesco extend over R$1 billion in digital rural credit to more than 500,000 farmers, slashing contract lead times by 70 percent.