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International Business Times
International Business Times
Business

Klarna Group plc Shares Surge 8.8% on Chairman's $50 Million Buy Amid Post-IPO Volatility

Klarna Group plc (NYSE: KLAR), the Swedish fintech giant known for its "buy now, pay later" services, saw its shares climb sharply in recent trading as Board Chairman Michael Moritz acquired approximately $50 million worth of stock, signaling confidence in the company's long-term prospects despite ongoing market pressures following its 2025 initial public offering.

Klarna closed at $15.91 on March 13, 2026, up $1.29 or 8.82% from the previous session's close of $14.62, according to data from major financial platforms including Yahoo Finance, CNBC and TradingView. Pre-market trading on March 16 showed the stock dipping slightly to around $15.76 to $15.67 in after-hours and early sessions, reflecting typical volatility. Trading volume reached 8.8 million shares on the surge day, well above average.

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