Easy +15% trade

A +15% was caught by several politicians, which accumulated nice profits

What happened? 

Affirm Holdings Inc (AFRM:US) experienced a significant surge of over +15% in its stock on Tuesday following the announcement of an expanded partnership with retail giant Walmart Inc (WMT:US)

The collaboration aims to introduce self-checkout kiosks in over 4,500 Walmart stores across the United States.

Performance on the stock market 

This development comes on the heels of Affirm's remarkable performance in the stock market, with shares skyrocketing by over +400% this year. This marks a notable recovery for the company, which faced a substantial 90% drop in value in 2022. Tuesday's rally has propelled Affirm's stock beyond its $49 initial public offering price from 2021, a milestone not achieved since early last year.

Details on the partnership

Walmart's existing partnership with Affirm enables customers to make purchases online and in-store by pre-applying for credit and presenting a barcode to a checkout sales associate. The new expansion allows customers to utilize self-checkout kiosks by scanning the same barcode, streamlining the buying process.

It's worth noting that Affirm has established partnerships not only with Walmart but also with key competitors such as Amazon.com Inc (AMZN:US) and Shopify Inc (SHOP:US), solidifying its position in the market.

 Who bought the stock ahead of the announcement?

Notably, the company's success has also captured the attention of politicians. In a recent disclosure, Representative Daniel Goldman revealed purchasing Affirm stock in April, with transactions ranging between $1,000 and $15,000. Similarly, Representative Ro Khanna demonstrated confidence in the retail sector by acquiring Walmart stock in October, with transactions in the range of $50,000 to $100,000.

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