Aflac Inc.’s recent filing unveils that its Director KENNY THOMAS J unloaded Company’s shares for reported $0.42 million on Mar 20 ’24. In the deal valued at $84.62 per share,5,000 shares were sold. As a result of this transaction, KENNY THOMAS J now holds 17,920 shares worth roughly $1.53 million.
Then, RIGGIERI ALBERT sold 8,000 shares, generating $666,760 in total proceeds. Upon selling the shares at $83.34, the SVP, Global CRO now owns 32,825 shares.
Before that, Collins Arthur Reginald sold 3,000 shares. Aflac Inc. shares valued at $239,199 were divested by the Director at a price of $79.73 per share. As a result of the transaction, Collins Arthur Reginald now holds 5,592 shares, worth roughly $0.48 million.
Evercore ISI downgraded its Aflac Inc. [AFL] rating to an Underperform from a an In-line in a research note published on January 04, 2024; the price target was increased to $78 from $76. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal-weight”. Wells Fargo started covering the stock on April 25, 2023. It rated AFL as “an Equal weight”.
Price Performance Review of AFL
On Monday, Aflac Inc. [NYSE:AFL] saw its stock fall -0.33% to $85.14. Over the last five days, the stock has lost -0.06%. Aflac Inc. shares have risen nearly 3.20% since the year began. Nevertheless, the stocks have risen 32.08% over the past one year. While a 52-week high of $86.26 was reached on 03/28/24, a 52-week low of $64.06 was recorded on 02/01/24. SMA at 50 days reached $81.91, while 200 days put it at $78.71. A total of 1.54 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For AFL Stock
The 24-hour chart illustrates a support level at 84.82, which if violated will result in even more drops to 84.50. On the upside, there is a resistance level at 85.57. A further resistance level may holdings at 86.00. The Relative Strength Index (RSI) on the 14-day chart is 58.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.26%. Stochastics %K at 58.14% indicates the stock is a holding.
How much short interest is there in Aflac Inc.?
A steep rise in short interest was recorded in Aflac Inc. stocks on Mar 15, 2024, growing by 2.13 million shares to a total of 11.4 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.27 million shares. There was a rise of 18.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.99% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.91.
The most recent change occurred on May 24, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.
