Affirm Holdings ($AFRM) stock surged on Monday, up 14% following a report from Adobe Analytics indicating a 20% year-over-year increase in buy now, pay later (BNPL) usage on Black Friday. The surge was also fueled by a near 50% YoY increase in BNPL consumers. This growth has led to a 15-month high for $AFRM shares, with the company's stock currently up 11%. The surge in BNPL usage has raised questions about consumer financial health and the potential impact on companies like Affirm. Notably, unusual call activity was observed in $AFRM last week, and today, $AFRM saw a jump of almost 11%, hitting a 15-month high. The surge was attributed to the strong BNPL usage report from Adobe. The stock's rise is largely due to the Adobe report, which stated that BNPL usage could hit record levels. The surge in $AFRM stock was also discussed on various financial shows and platforms, including @BNNBloomberg and @CNBCTechCheck.
RECAP 11/27 Unusual Puts: $AZN Dec22 61 P $MTCH Dec22 28 P $VALE Feb 16 P $C Dec 44 P $PLTR Jan05 17 P Live Breaking trading news https://t.co/yChRCoaR8v
RECAP 11/27 Unusual Calls: $AFRM Dec01 28 C $SHOP Dec01 73 C $UBER Dec01 60 C $T Dec29 16.5 C $ROKU Dec01 100 C $PDD Jan 120 C $FTCH Jun 2 C Live Breaking trading news https://t.co/yChRCoboY3
The case for $AFRM from 11/22/23 with @baystreetamber last week https://t.co/gnQnEf4NsU
#UnusualActivity was spotted in $AFRM calls last week. Today, it saw a jump of almost 11%! BANG! 💥 @jonnajarian and @petenajarian broke it down on Rebel's Edge! https://t.co/k5ctiHf4XK
$AFRM 🔸Affirm Stock Jumps After Report of Strong Buy Now, Pay Later Use on Black Friday Shares of Affirm Holdings, a payments platform best known for its buy now, pay later offering, were recently up 10%. -- The rise is due in large part to a report from Adobe that said buy…
Shares of $AFRM are hitting a 15-month high as Adobe estimates the usage of flexible payment options like Buy Now Pay Later could hit record levels today. @kr00ney has the details https://t.co/achNdvG0C3
With buy now pay later booming in the wake of Black Friday, are players like $AFRM on the rise? @jimcramer, @davidfaber & @carlquintanilla discuss the impact. https://t.co/7sWU0WG4zJ
$AFRM up 14% today as Adobe Analytics says BNPL was up 20% YoY on Black Friday I recommended $AFRM on @baystreetamber's @BNNBloomberg show last Wednesday: https://t.co/moMu9kaFUX
$AFRM rallying on a near 50% increase YoY of consumers doing 'buy now, pay later'. Stock is currently up 11%. Me thinking... 1. Signals consumer is in trouble to see that type of increase in buy now, pay later. 2. Gotta believe companies like #Affirm never get fully paid and… https://t.co/vyPXSRPrEG https://t.co/1NI0hoNy7J
$AFRM nice banger to start the week https://t.co/rhxgVlz4KG