Read the full article on Nasdaq.
Excerpt:
What happened
Shares of Affirm Holdings (NASDAQ: AFRM) were taking a dive in January, tracking with a broader sell-off in high-priced growth stocks and payments stocks. There was no company-specific news out on the buy now, pay later (BNPL) specialist, but fears over rising interest rates and inflation seemed to push it lower.
According to data from S&P Global Market Intelligence, Affirm stock fell 36% last month. As you can see from the chart below, the stock fell steadily over the course of the month before a recovery at the end of January.
Related Content
-
Volatility Watch: Eyeing a Pair of Blue Chips with Unusual Earnings Dates in the Heart of the Reporting Season
-
The Magnificent 7 Get Set to Report Amidst an S&P 500 Losing Streak
-
CEO Uncertainty Spikes After Improving Last Quarter
-
Earnings Season Heats Up, Spotting Two Unusual Reporting Dates in the Consumer Space
-
CNBC: Brace Yourself for Short-Term Volatility
-
Cheddar: It's Not Just You: The ‘Vibes Are a Little Off’ in This Economy
-
Data Minds - Triple Threat: Leveraging Data to Manage AI, ESG, and ETF Risks | April 11, 2024 [Recording Available]
-
Q1 2024 Earnings Preview: Will Reports be Good Enough to Turn Markets Positive?
-
[Podcast] Interactive Brokers: The Ins and Outs of Earnings Announcements
-
Pensions & Investments: U.S. companies increase buyback announcements