Affirm Plummets 3.36% as Credit Risks and Macro Uncertainty Weigh on FinTech Peer Volume Ranks 248th

On October 3, 2025, Affirm Holdings (AFRM) closed with a 3.36% decline, marking its lowest intra-day price in over three months. The stock traded at a volume of $0.44 billion, ranking 248th in total trading activity among U.S. equities. The sell-off followed mixed signals from recent disclosures about its buy-now-pay-later platform's credit risk management practices, though no new material news was released to directly trigger the move.

Analysts noted the decline aligned with broader market rotations toward defensive sectors, as macroeconomic uncertainty continued to weigh on growth stocks. Affirm's valuation remains under pressure due to persistent concerns about long-term profitability in its high-interest rate environment, despite recent cost-cutting initiatives. The stock's performance was also influenced by sector-wide underperformance among fintech peers amid tightening regulatory scrutiny.

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