Affirm Stock Has Affirmed A Bottom

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ValueWalk

Buy now and pay later purchase financing provider Affirm (NASDAQ:AFRM) stock is rebounding after bottoming out at $13.64. The buy-now-pay-later (BNPL) platform had a very negative sentiment heading into its fiscal Q3 2022 earnings release on the heels of weak performances from Block (NYSE:SQ) and PayPal (NASDAQ:PYPL). To the pleasant surprise of shareholders, the results were indeed impressive triggering a short squeeze that doubled its recent low price. Shares are still down (-74%) year-to-date, which leaves room both for upside and opportunity for pullbacks. The Company is still growing its …

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