Why Affirm Stock Was Down 1.6% On Monday
The stock price of Affirm Holdings (NASDAQ: AFRM) bounced around Monday, up as much as 1.6% right after the opening bell and then down some 5.1% at around 10:40 a.m. EDT. By the closing bell, the stock was down about 1.64% to $18.59 per share.
The Dow Jones Industrial Average ended the day down 94 points (0.3%), the S&P 500 was off 27 points (0.8%), and the Nasdaq dropped 110 points (1%).
There did not appear to be any single catalyst that drove the "buy now, pay later" stock lower on Monday. Rather, it was part of an overall malaise in the market on Monday, as investors perhaps gird themselves for a busy week.
Source Fool.com
