Affirm Falls 18% After Compass Point Downgrade as Several Fintech Stocks Decline
26 October 2023 - 4:57AM
Dow Jones News
By Josh Beckerman
Affirm Holdings shares were recently down 18% after a Compass
Point downgrade to sell from neutral, on a day when many financial
technology stocks were lower after French payments firm Worldline
reduced its revenue forecasts for the year.
Affirm stock traded at $16.05 on Wednesday and is up about 67%
this year.
Block was recently down 7%, while PayPal declined 5%. SoFi
Technologies was down 4% and Upstart Holdings decreased 7%.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 25, 2023 13:42 ET (17:42 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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