🔴 Affirm Holdings is trading 4.35% down in pre-market after credit-allowance concerns and Q2 GMV guidance

Affirm Holdings is trading at $66.63, down 4.35%, as investors reportedly focused on credit-allowance concerns and Q2 GMV guidance after its November 5 results.

• The company forecast Q2 GMV of $17.9–$18.2 billion and raised its fiscal-year outlook to more than $65.25 billion, despite revenue and earnings beats.
• Analyst price-target cuts added pressure, according to Investing.com. The stock also faced broader fintech-sector regulatory concerns, but the earnings reaction was the clearest catalyst for the pre-market decline.