In 2023, Affirm Holdings (AFRM) was the best-performing stock among companies with a market cap of over $5 billion, as shares of the buy-now, pay-later (BNPL) company rose 408% during the year - way ahead of the 24% returns that the S&P 500 Index ($SPX) delivered on the year.
However, 2024 has started on a negative note for Affirm stock. The shares are already down over 11% for the year, and are trading 17.5% below the 52-week highs hit in December.
