Affirm stock tumbles 17% over eight days, erasing $4.8 billion

Affirm stock fell for eight consecutive trading days. The streak resulted in a cumulative loss of 17%.

The sell-off erased approximately $4.8 billion from the company’s market capitalization. Affirm’s total market value now stands at roughly $24 billion.

The decline outpaced the broader market, as the S&P 500 fell only 1.7% during the same period.

Affirm reported revenue growth of 32.1% over the last 12 months. The company maintains an operating margin of 19.4%. Both figures exceed the median performance of S&P 500 companies.