Double Digit NASDAQ Stock Winners: AFRM, KPLT, ATIF
8:10 am Tuesday, August 31st, 2021
Following are major stock gainers on Nasdaq in Monday’s trading session:
Affirm Holdings, Inc. (NASDAQ:AFRM) was the active stock gainer on Monday and soared 47% to $99.59. Affirm (ticker: AFRM) announced a partnership with Amazon.com (AMZN) on Friday to offer its “buy now pay later” service at checkout for Amazon customers. The payment-plan service, know as BNPL, is now in a pilot program on Amazon.com and the e-commerce company plans to roll it out more broadly over the next few months, the companies said.
Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States and Canada. The company’s platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.
Katapult Holdings, Inc. (NASDAQ:KPLT) was another notable winner as the stock went up 41% to end the session at $5.09 on the heels of a roughly 17% increase for the company’s share price on Friday and appears to be driven by favorable developments for an adjacent company in the buy-now-pay-later space. Affirm Holdings’ (NASDAQ:AFRM) consumer financing services are being integrated into the Amazon e-commerce marketplace, allowing users to purchase items at no initial cost and then pay them off in installments. Affirm Holdings stock is up roughly 41% in today’s trading as of this writing.
Katapult Holdings is making huge gains thanks to indications that its services could soon be usable through Amazon and other e-commerce players, but the gains also have to be put in context. The stock plummeted after mixed second-quarter results published on Aug. 10 and news that the company was withdrawing its full-year sales guidance.
ATIF Holdings Limited (NASDAQ:ATIF) surged 23% to $3.38. ATIF Holdings Limited, a consulting company, provides financial consulting services to small and medium-sized enterprises in Asia. It primarily helps clients going public on the OTC markets and exchanges in the United States. The company was incorporated in 2015 and is headquartered in Rancho Cucamonga, California.
