Affirm Stock: Buy, Sell, or Hold After Falling 42% in January?
Affirm Holdings (NASDAQ: AFRM) is among the leading companies in the buy now, pay later (BNPL) space -- it went public in Jan. 2021 at $49 per share. The stock surged as high as $176 in November before steadily plummeting, including a 42% decline year to date. Why have investors turned their backs on the stock, and should you buy, sell, or hold it?