Affirm's stock rose 5% midday Friday, recovering from earlier losses without any new company announcements or news. This sharp rebound appears driven by technical factors rather than changes in the company's fundamentals, as peers Klarna and PayPal saw only modest gains. The move suggests short covering or opportunistic buying after an oversold condition earlier in the week. Investors should watch if the gains hold through the close and monitor peer stocks for signs of a broader sector rally, as the current move seems specific to Affirm rather than the buy now, pay later industry overall.
SoFi Technologies shares dropped 3% despite reports of a partnership with crypto exchange Kraken and speculation about S&P 500 inclusion, signaling weak investor appetite for fintech risk. Affirm shares fell 5% without company-specific news, reflecti...
Affirm CEO Max Levchin outlined the company's goal to reach $100 billion in annual gross merchandise volume (GMV) through a 25% growth strategy. This growth is expected to come evenly from their point-of-sale product, direct-to-consumer franchise, an...
Affirm reported strong double-digit growth in gross merchandise volume and active users in Q4, fueled by increased adoption of its Buy Now Pay Later (BNPL) services and rapid uptake of the Affirm Card, which now accounts for 20% of total GMV. Despite...
