On fire! 2 reasons why the Afterpay (ASX:APT) share price rocketed 12% in January

The Afterpay Ltd (ASX: APT) share price is not having a good day today. It’s not even lunchtime (at the time of writing), and yet Afterpay shares are currently down 0.81% to $134 a share.

In fact, it hasn’t been a great week for the buy now, pay later (BNPL) pioneer, period. Since Wednesday last week, Afterpay shares are down more than 11%.

But zooming out, it’s a different story. Over the month of January, Afterpay shares rose more than 13% (13.53% to be precise). On days like today, it can be easy to forget Afterpay made a new all-time high of $151.22 less than 2 weeks ago. Even after today’s fall, Afterpay shares remain up more than 9% year to date, not a bad way to open 2021.

So why did Afterpay have such a good start…