U.S. stock market update: Affirm down 3.25%

Tracking Unusual Activity
2025.09.05 16:38
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Affirm fell 3.25%; Visa fell 2.38%, with a transaction volume of USD 724 million; Mastercard fell 2.35%, with a transaction volume of USD 559 million; PayPal fell 0.04%, with a transaction volume of USD 283 million; Fiserv fell 0.79%, with a market value of USD 73.4 billion

U.S. Stock Market Midday Update

Affirm fell 3.25%, with increased trading volume. Based on recent key news:

  1. On September 4, Jiyane Siphelele, Chief Accounting Officer of Affirm Holdings, and Director Christa S. Quarles reported the sale of the company's common stock. The stock sales by these executives raised concerns in the market about a lack of confidence among company insiders, leading to a decline in stock price.

  2. On September 3, Mitsubishi UFJ Financial Group raised the target price for Affirm Holdings' stock from $70 to $108. Despite the target price increase, the market reacted more strongly to the executives' stock sales, causing stock price fluctuations.

  3. On September 5, Lead Bank completed a $70 million financing, part of which will be used to support Affirm Holdings' business expansion. Although this is positive news, it failed to offset the negative impact of the executives' stock sales. The fintech industry has been volatile recently, and risks should be monitored.

Top Stocks by Industry Trading Volume

Visa fell 2.38%, with increased trading volume. According to recent key news:

  1. On September 5, Antom, a subsidiary of Ant Group, launched an AI-powered payment solution and began a pilot program with Visa in the Asia-Pacific region, which may affect Visa's market competitiveness.

  2. On September 4, Visa CEO Ryan McInerney reported the sale of the company's common stock, which may raise market concerns about internal confidence in the company.

  3. On September 3, analysts did not list Visa among the top five recommended buy stocks, which may affect investor confidence. The payment industry is experiencing accelerated technological innovation and intensified competition.

Mastercard fell 2.35%, with increased trading volume. Based on recent important news:

  1. On September 5, Antom, a brand under Ant Group, launched an innovative AI payment solution and partnered with Mastercard to pilot intelligent credit card transactions, driving stock price fluctuations. Data source: 36Kr.

  2. On September 3, Mastercard announced a global partnership with the Mrs. World Pageant to enhance brand influence, but this failed to stabilize the stock price. Data source: Huigang Communications.

  3. On September 3, Mastercard participated in the London ISG AI Impact Summit to discuss the latest developments in AI, which did not have a significant impact on the stock price. Data source: ISG.

PayPal fell 0.04%, with a trading volume of $283 million. Based on recent key news:

  1. On September 5, PayPal's main competitor Square sought differentiated development opportunities outside of the e-commerce scene, leading to market concerns about PayPal's future competitiveness, putting pressure on its stock price

  2. On September 4th, PayPal launched the priority access to the new AI browser Perplexity, but the market reaction was tepid, failing to boost the stock price.

  3. On September 3rd, PayPal supported cryptocurrency payments, but the market remained skeptical about its success in the stablecoin payment sector, leading to stock price fluctuations. E-commerce collaborations with stablecoins are increasing, posing challenges to traditional payment tools.

Stocks Ranked Among the Top by Market Capitalization in the Industry

Fiserv fell 0.79%, with a market capitalization of $73.4 billion. According to recent key news:

  1. On September 4th, Fiserv announced the acquisition of CardFree to expand its Clover product line. This move aims to strengthen its payment solutions in the hospitality industry, driving stock price fluctuations. Data source: Reuters.

  2. On September 3rd, Faruq & Faruq LLP encouraged investors to reach out to discuss loss compensation matters, potentially raising market concerns. Data source: Faruq & Faruq LLP.

  3. On September 5th, Fiserv's average annual return over the past 20 years was 13.25%, outperforming the market, with significant returns for long-term investors. Data source: Benzinga. The fintech industry's innovation is accelerating, and risks should be monitored

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