Why Affirm Holdings Stock Blasted Nearly 11% Higher on Friday
The company delivered a fourth quarter that crushed analyst estimates.Affirm Holdings (AFRM 10.60%), a prominent stock in the buy now, pay later niche of the finance industry, delivered its latest set of quarterly earnings after market close Thursday. The market reacted very positively to them the following day, rewarding the company with a rally that saw the stock rise by almost 11% in value. That provided a night-and-day contrast to the uninspiring S&P 500 (^GSPC -0.64%), which slumped by 0.6% that tradin ...