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.
Affirm's price has fallen even further so far in May, losing another 18% of its value in the stock sell-off.
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Source Fool.com