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Here's Why Katapult Holdings Stock Was Falling Today

TheMotleyFool

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Here's Why Katapult Holdings Stock Was Falling Today

Shares of Katapult Holdings (NASDAQ: KPLT) gave up some of their recent gains on Tuesday. The buy now, pay later fintech stock slumped roughly 4.8% in today's session, according to data from S&P Global Market Intelligence.

Katapult stock skyrocketed following news on Friday that Amazon would integrate Affirm Holdings (NASDAQ: AFRM) buy now, pay later services into its e-commerce platform. Affirm is a competitor in the broader space, but investors viewed the announcement as an indication that Katapult's services could see increased adoption.

Image source: Getty Images.

Source Fool.com

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