Affirm ( AFRM ) Stock price declines due to Klarna downward guidance
2026-08-25 22:51:43
According to CoinMeta, on August 18th, the stock price of Affirm Holdings fell by 1.3% due to Klarna lowering its trading volume and revenue forecasts for 2026. As a result, Klarna's stock price plummeted by over 22%. Klarna expects the total annual commodity trading volume to be between $149 billion and $151 billion, which is lower than the previous forecast of $155 billion, and the revenue forecast is between $4.08 billion and $4.16 billion, down from $4.34 billion. Despite this, Klarna reported a 27% increase in revenue for the second quarter, with overall trading volume rising by 18%. Affirm's stock price rebounded by 5.1% in subsequent trading. Affirm will release its financial report on August 27th, and the market is watching to see if it can gain market share from the slowdown of its competitors.
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Source:Internet
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