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Why Affirm Holdings Plummeted 34.7% in February
Affirm Holdings (NASDAQ: AFRM) had an awful month in February as its share price sank by 34.7%, according to S&P Global Market Intelligence. The “buy now, pay later” (BPNL) company lagged far behind the S&P 500, which was down 3.2% for the month, and the Nasdaq Composite, which fell 3.4%. In Affirm’s case, the rise was fueled in part by huge revenue gains, which led to more investors jumping on board until the shares became way overpriced.
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