Affirm Holdings (AFRM) closed the most recent trading day at $36.97, moving +0.52% from the previous trading session.
Shares of fintech stocks Upstart Holdings (NASDAQ: UPST), SoFi Technologies (NASDAQ: SOFI), and Affirm Holdings (NASDAQ: AFRM) rocketed higher on Wednesday, up 13.9%, 6.9%, and 13.1%, respectively, as of 1 p.m. ET. There's no big secret as to what is moving these beaten-down stocks today: a better-than-feared inflation report from the Bureau of Labor Statistics this morning.
Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) were two of the market's hottest fintech stocks last year. Upstart went public at $20 per share in December 2020, started trading at $26, and soared to an all-time high of $390 last October.