What happened Shares of Ford Motor Company (NYSE: F) declined by 6% on Monday, following reports that the auto giant was selling some of its shares in Rivian Automotive (NASDAQ: RIVN). So what Ford is reportedly planning to sell 8 million Rivian shares, according to CNBC analyst David Faber. Read More...
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Why Affirm Stock Sagged 38% in April
Shares of buy now, pay later company Affirm Holdings (NASDAQ: AFRM) dropped 38% in April, according to data provided by S&P Global Market Intelligence. General economic trends weighed on the company’s stock as investors continue to be wary of companies highly affected by inflation and rising interest rates as well as pressure in consumer spending trends. It’s run by an experienced management team led by Max Levchin, part of the PayPal Holdings founding team, with a compelling fintech premise that harnesses trends in shopping and technology to provide a service with practical value.
