Affirm's Founder Sells Millions: Should Investors Worry?

Affirm's stock dipped after co-founder Max Levchin revealed plans to sell over $58 million in shares, adding to previous sales of $54 million last month. Is this a red flag signaling a lack of confidence in Affirm's future, or just a buying opportunity? Despite the insider selling, analysts are divided, with some maintaining positive ratings and a new average price target of $87. While Affirm is up nearly 40% year-to-date, long-term investors are still down from its IPO, making the next moves crucial to watch. Hosted on Acast. See acast.com/privacy for more information.