Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Is Affirm Plunging on Monday?

TheMotleyFool

0 0

Why Is Affirm Plunging on Monday?Photo, wide shot, wide-angle lens, Conglomerate, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/95f18fed-a4d6-4069-b489-4d050c74c618.png

The stock market was having a so-so day on Monday, with the Dow Jones Industrial Average slightly higher and the S&P 500 and Nasdaq Composite indexes lower by less than 1% as of 2:15 p.m. EDT. However, buy now, pay later company Affirm (NASDAQ: AFRM) was a big underperformer, with shares down by 11%.

There isn't any company-specific news fueling today's decline. In fact, the only major news item specific to Affirm is an analyst increasing its price target. However, there is a potential explanation of why we may be seeing shares pull back.

Image source: Getty Images.

Source Fool.com

Like: 0

AFRM

Share