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AFRM Jul 2024 40.000 call
| Previous close | 1.3400 |
| Open | 2.9600 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 40.00 |
| Expiry date | 2024-07-19 |
| Day's range | 1.3400 - 3.7000 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.25k |
- Yahoo Finance Video
Affirm stock begins sinking and analysts are blaming Shopify
All was looking brighter than expected for fintech company Affirm (AFRM) after it reported fiscal third-quarter earnings this morning — it saw revenue skyrocket by over 51% annually and narrowed its losses per share — until its stock made a U-turn intraday. Affirm shares have fallen by as high as 10% in Wednesday's session. Who or what is to blame? Possibly Shopify (SHOP), according to analysts. Market Domination Anchors Julie Hyman and Josh Lipton deep dive into these two stocks that are finding themselves under pressure after reporting earnings. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Affirm reports Q3 revenue jumping by 51% year over year
Shares of Affirm (AFRM) are moving on Wednesday morning — ticking down into the red after the opening bell — as its fiscal third-quarter revenue jumped up 51% year-over-year. The buy now, pay later operator narrowed expected losses for the quarter to $0.43 per share. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Affirm and what it could mean for the stock moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
Barrons.comAffirm Stock Fell Nearly 10% After Earnings. It’s at an ‘Attractive Entry Point.’
When Affirm Holdings took a tumble on Wednesday despite a great quarterly report at the consumer-lending company, Mizuho Securities analysts saw a buying opportunity. J.P. Morgan analysts Reginald Smith and Charles Pearce upgraded shares of Affirm to Overweight from Neutral and lifted their target for the price to $43 from $41 in a Thursday report titled “Not Letting a Good Sell Off Go to Waste.” “Following a fantastic F3Q with better than expected GMV and an upbeat outlook, AFRM is trading lower in sympathy with SHOP, which is seeing a -19% decline in the stock amid soft guidance and operating expense concerns,” Mizuho analysts wrote on Wednesday.
