It's a rough day on the market for the Sezzle Inc (ASX: SZL) share price despite silence from the company.
In fact, the market hasn't heard any news from the buy now, pay later (BNPL) company for nearly a fortnight.
Yet its stock is slumping today. At the time of writing, the Sezzle share price is $3.345, 7.34% lower than its previous close.
For context, the S&P/ASX 200 Index (ASX: XJO) has slid 0.54% today.
Let's take a look at what might be weighing on the BNPL provider's shares on Wednesday.
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Sezzle share price slumps on Wednesday
The Sezzle share price is being dragged lower today, but at least it's not alone.
The tech-heavy Nasdaq Composite tumbled 1.14% overnight.
Today, the BNPL sector is adding to the grief of its technology counterparts.
The S&P/ASX All Technology Index (ASX: XTX) is slumping 2.6% at the time of writing.
The S&P/ASX 200 Information Technology Index (ASX: XIJ) isn't doing much better. It's fallen 2.42% today.
While Sezzle isn't a part of either index, its BNPL peer Afterpay Ltd (ASX: APT) exists in both.
Right now, the Afterpay share price is experiencing a 3.64% plunge. Zip Co Ltd (ASX: Z1P) is also in the red, its shares sliding 5.03% at the time of writing.
Meanwhile, the Humm Group Ltd (ASX: HUM) share price is defying the trend to edge 0.68% into the green in afternoon trade.
Today's drop sees the Sezzle share price record a whopping 16% fall so far this month.
Making the dip more interesting is the fact the only news out of the BNPL company in December seemed to be positive.
On 2 December, Sezzle reported its underlying merchant sales for the month of November were 83% higher than they were during November 2020.
Additionally, the Black Friday and Cyber Monday weekend saw its underlying merchant sales rise 53% on those of the 2020 retail event.
Right now, the Sezzle share price is 46% lower than it was at the start of 2021.
