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Benzinga
Benzinga
Business
Melanie Schaffer

Bears May Be Feeling Comfortable, But Here's Why Affirm Will Bounce

Affirm Nasdaq United States

Affirm Holdings, Inc (NASDAQ:AFRM) was sliding over 6% lower on Monday after a sharp decline on Friday caused the stock to plunge almost 10% and print a bearish kicker candlestick.

The downturn in Affirm’s stock started on Aug. 17, but the move lower was accelerated the following day when Target Corp (NYSE:TGT), which uses Affirm’s buy now, pay later option, printed worse-than-expected quarterly earnings.

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