In a filing, Affirm Holdings Inc revealed its Director Rabois Keith unloaded Company’s shares for reported $0.33 million on Apr 01 ’24. In the deal valued at $35.30 per share,9,276 shares were sold. As a result of this transaction, Rabois Keith now holds 69,276 shares worth roughly $2.36 million.
Then, Rabois Keith sold 9,276 shares, generating $318,970 in total proceeds. Upon selling the shares at $34.39, the Director now owns 78,552 shares.
Before that, Linford Michael sold 65,000 shares. Affirm Holdings Inc shares valued at $3,380,000 were divested by the Chief Financial Officer at a price of $52.00 per share. As a result of the transaction, Linford Michael now holds 99,063 shares, worth roughly $3.38 million.
Needham initiated its Affirm Holdings Inc [AFRM] rating to a Hold in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early January with a ‘”a Market perform”‘ rating. Morgan Stanley also remained covering AFRM and has decreased its forecast on December 18, 2023 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Jefferies revised its rating on November 28, 2023. It rated AFRM as “a Hold” which previously was an “an Underperform”.
Price Performance Review of AFRM
On Monday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock jump 3.77% to $34.11. Over the last five days, the stock has lost -2.07%. Affirm Holdings Inc shares have fallen nearly -30.59% since the year began. Nevertheless, the stocks have risen 227.98% over the past one year. While a 52-week high of $52.48 was reached on 02/09/24, a 52-week low of $8.80 was recorded on 04/05/24. SMA at 50 days reached $38.23, while 200 days put it at $28.57. A total of 5.53 million shares were traded, compared to the trading of 3.37 million shares in the previous session.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 33.14, which if violated will result in even more drops to 32.16. On the upside, there is a resistance level at 34.79. A further resistance level may holdings at 35.47. The Relative Strength Index (RSI) on the 14-day chart is 43.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.89%. Stochastics %K at 15.79% indicates the stock is a buying.
How much short interest is there in Affirm Holdings Inc?
A steep rise in short interest was recorded in Affirm Holdings Inc stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 30.33 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 29.89 million shares. There was a rise of 1.45%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 14.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.95.
The most recent change occurred on October 31, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $17 price target.
