Big Law

Affirm Stock Jumps More Than 15% on Expanded Walmart Partnership

Affirm stock popped more than 15% Tuesday after the company announced it is expanding its partnership with Walmart to self-checkout kiosks in more than 4,500 of the retailer’s U.S. stores.

Affirm shares have soared over 400% this year, one of the best performers across the U.S. stock market, after the company lost 90% of its value in 2022. With Tuesday’s rally, the stock has surpassed its $49 initial public offering price from 2021 for the first time since early last year.

Walmart has an existing partnership with the buy-now-pay-later company that allows customers to purchase goods online and in stores from Walmart by pre-applying for credit and then showing a barcode to a checkout sales associate. Now, customers can also scan the barcode at a self-checkout kiosk.

Read the source article at CNBC

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