Reported about 1 month ago
Affirm Holdings Inc. faced a volatile week in the stock market as fears grew over competition after Klarna announced a partnership with Walmart, which caused its shares to drop to a four-month low. However, the stock rebounded later in the week due to positive commentary from the Federal Reserve regarding the US economy. Analysts noted that while consumer credit's strength is crucial for Affirm, the initial fears appeared overblown as investors adjusted to the news.
Source: YAHOO