KPLT - Here's Why Katapult Holdings Stock Is Skyrocketing Today
Shares of Katapult Holdings (NASDAQ: KPLT) are surging in Monday's trading. The company's stock was up roughly 36% in the session as of 11:00 a.m. EDT, according to data from S&P Global Market Intelligence .
Today's rally comes 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.
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Here's Why Katapult Holdings Stock Is Skyrocketing Today