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. Shares fell sharply in early January as investors reacted to the Fed's plan to raise interest rates, with Chair Jerome Powell signaling there may be as many as three rate hikes this year. Read More...
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. Shares fell sharply in early January as investors reacted to the Fed’s plan to raise interest rates, with Chair Jerome Powell signaling there may be as many as three rate hikes this year.
