Affirm Stock Drops 9.2% in a Single Session, Erasing About $2 Billion
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 9.21% slide to $69 from a $76 open strips roughly $2 billion off a $20.5 billion lender in a single session. Moves this size are where Affirm's next support level gets decided, so keep an eye on the stock into the close.
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Affirm slid from its $76 open to roughly $69, with only shallow bounces along the way to slow the selling.
The move erased approximately $2 billion in market value in a single regular-hours session, the kind of day that resets where traders and longer-term holders think fair value sits.
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The steepest drop came in the first stretch of trading, off the $76 open, before the selling continued in a more grinding fashion toward the $69 range.
Where the stock finishes relative to its intraday low will determine whether $69 holds as a new reference level or whether buyers narrow the loss into the bell.
Sources
Mentioned: AFRM