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Investor Alert

Oct. 27, 2021, 9:45 a.m. EDT

Affirm stock gains after company nabs buy-now, pay-later deal with American Airlines

Shares of Affirm Holdings Inc. (NAS:AFRM) are up 4.7% in Wednesday morning trading after the company announced that it will be working with American Airlines Group Inc. (NAS:AAL) to provide buy-now pay-later options for the company's customers. Affirm will be the "exclusive monthly buy now, pay later provider" for aa.com, the American Airlines website, according to a press release. This is the first time that American Airlines has integrated buy-now pay-later options on the aa.com site, Affirm's release said. Customers will be able to use Affirm for airfare costing at least $50 and select from payment options ranging from three to 12 months. Affirm shares have gained 168% over the past three months as the S&P 500 (S&P:SPX) has risen about 4%.

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