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Why Affirm Holdings Stock Was Dropping on Thursday

TheMotleyFool

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Why Affirm Holdings Stock Was Dropping on Thursday: https://g.foolcdn.com/editorial/images/709884/one-person-explaining-something-to-another.jpg

Affirm Holdings (NASDAQ: AFRM) was falling again on Thursday, down about 5.5% at 11:30 a.m. ET. It had fallen as much as 8.3% in the morning trading session.

All the major indexes were down on Thursday morning, with the S&P 500 down about 1% as of 11:30 a.m. EDT.

For Affirm, a buy now, pay later company, it was more fallout from yesterday's subpar earnings report from one of its key partners, Target. The big-box retailer posted underwhelming third-quarter numbers on Wednesday, as it missed analysts' estimates.

Source Fool.com

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