India, March 17 -- Shares of Affirm Holdings, Inc. (AFRM) slipped 13% on Monday morning after fintech peer Klarna announced it will be the sole provider of "buy now, pay later" loans for Walmart (WMT).
AFRM is currently trading at $43.60, down $6.48 or 12.94%, on a volume of 13.2 million shares, above average volume of 6.9 million, on the Nasdaq. The stock has opened its trading at $46.48 after closing Friday at $50.08. The stock has traded between $22.25 and $82.53 in the past 52-week period.
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The Walmart news came after Klarna filed an initial public offering prospectus on Friday. The number of shares to be offered and the price range for the offering h...