PYPL - Affirm Holdings stock rides high as stay-at-home trade resurges

With stay-at-home stocks back in play due to the South African variant of the COVID virus, Affirm Holdings (AFRM +3.2%) stock also gains, likely on the expectation that more people will pay for Peloton (PTON +5.7%) exercise equipment using Affirm's installment plans. Buy Now, Pay Later names such as Affirm, PayPal, and Afterpay have grabbed attention as the installment plans gain popularity. Square (NYSE:SQ) finds the sector so intriguing that in August it agreed to acquire Afterpay (OTCPK:AFTPY) for $29B in stock. Another fintech delving into BNPL, PayPal (NASDAQ:PYPL) had been in the green for much of Friday's shortened session, but ends the session down 0.4%. Still, that's a much smaller decline than most other financial stocks. Another winner in Friday's session is payment tech company Adyen (OTCPK:ADYEY), up 3.2%. Earlier, Zoom Video and Peloton take off as new COVID variant revives stay-at-home trade

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Affirm Holdings stock rides high as stay-at-home trade resurges