Affirm Holdings $AFRM stock fell -5.3% on November 3, 2022, as the money flow plunged and the MACD rolled over.
Bearish Option Flow Detected In Affirm $AFRM Stock
Bearish option flow occurred in Affirm $AFRM stock on November 3, 2022.
Make sure to review this lesson on option flow so that you understand the image above.
In particular, the December 16, 2022, $10 PUT has open interest fading higher.
Newegg Brings Affirm’s Flexible Payment Options to Canada
On November 1, 2022, Newegg Commerce and Affirm announced that they are working together to bring payment flexibility and transparency to customers in Canada. Newegg is now partnering with Affirm, a payments’ platform that allows eligible customers to pay for their purchases over time. Newegg started offering Affirm to its US customers in 2021.
Affirm price target lowered at Deutsche Bank
On October 28, 2022, Deutsche Bank analyst Bryan Keane cut Affirm’s price target to $22 and left the stock with a Hold rating. Keane tells investors in a research note that although there is a chance that Affirms stock price will go up soon, investors are more likely to focus on credit trends and the path to profitability for Affirm. If economic conditions continue to get worse, the analyst believes volume growth might be negatively affected.
Wedbush says sell Affirm
Affirm Holdings $AFRM Stock Technical Analysis
Affirm Holdings $AFRM stock is in a technical strong downtrend. Long-term indicators suggest a continuation of the downtrend.