Klarna Stock Climbs as Affirm's Q4 Beat Lifts Buy-Now-Pay-Later Peers
Klarna Group is trading higher in sympathy with Affirm Holdings after the buy-now-pay-later peer reported Q4 results post-market Thursday.
Affirm, a company in the same business as Klarna, reported good quarterly results, which made investors feel more confident about the whole group—so Klarna's stock price went up too. When one company in a group does well, people often think others like it might do well as well, even if nothing changed at that company yet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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