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Affirm surges 5% Friday with no news catalyst, suggesting the rally is a technical unwind of midweek oversold conditions rather than a new fundamental shift.
Klarna and PayPal each gain just 1%, matching the broader market and ruling out a sector-wide buy now, pay later repricing.
Affirm still sits below its weekly open, so Friday's rebound reads as only a partial recovery. Inventory-driven moves often give back their gains within days.
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