Affirm Holdings Surges to 98th in Trading Volume with $875 Million in Shares Traded

On May 8, 2025, Affirm Holdings (AFRM) saw a significant surge in trading volume, with a total of $875 million in shares traded, marking a 216.01% increase from the previous day. This surge placed Affirm in the 98th position in terms of trading volume for the day. The stock price also rose by 5.28%, marking the second consecutive day of gains, with a total increase of 6.39% over the past two days.

Affirm recently released its third fiscal quarter 2025 results, which included a shareholder letter submitted to the U.S. Securities and Exchange Commission on Form 8-K. The company reported a net income of $2.8 million, or a penny per share, a stark contrast to the loss of $133.9 million, or 43 cents per share, reported in the same period a year earlier.

This positive earnings report has likely contributed to the recent upward trend in Affirm's stock price. Investors are responding favorably to the company's improved financial performance, which has been driven by increased revenue and cost-cutting measures. The company's ability to turn a profit after a year of losses is a significant milestone and has boosted investor confidence in its future prospects.

Looking ahead, Affirm's strong third-quarter results and positive market sentiment suggest that the company is well-positioned for continued growth. As the stock continues to gain momentum, investors will be closely watching Affirm's next earnings report to see if the company can maintain its positive trajectory.