Affirm Holdings, Inc. (AFRM) saw its stock price plummet 6.13% during intraday trading on Friday, marking a significant decline for the buy-now-pay-later provider.
The sharp drop followed pre-market weakness after the company announced it had renewed and expanded its forward-flow agreement with the Canada Pension Plan Investment Board for consumer installment loans. Market reaction to the updated financial arrangement appears to have driven the selling pressure.
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