Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Affirm Holdings Inc shares valued at $327,412 were sold by Rabois Keith on Apr 01 ’24. At $35.30 per share, Rabois Keith sold 9,276 shares. The insider’s holdings dropped to 69,276 shares worth approximately $2.34 million following the completion of this transaction.
Also, Rabois Keith sold 9,276 shares, netting a total of over 318,970 in proceeds. Following the sale of shares at $34.39 each, the insider now holds 78,552 shares.
Before that, Linford Michael had sold 65,000 shares from its account. In a trade valued at $3,380,000, the Chief Financial Officer traded Affirm Holdings Inc shares for $52.00 each. Upon closing the transaction, the insider’s holdings decreased to 65,000 shares, worth approximately $3.35 million.
As published in their initiating research note from Needham on April 03, 2024, Affirm Holdings Inc [AFRM] has been a Hold. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. As of December 18, 2023, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for AFRM. Earlier on November 28, 2023, Jefferies upgraded its rating. Their new recommendation was “a Hold” for AFRM stock which previously was a “an Underperform”.
Analyzing AFRM Stock Performance
During the last five days, there has been a surge of approximately 5.26%. Over the course of the year, Affirm Holdings Inc shares have dropped approximately -31.22%. Shares of the company reached a 52-week high of $49.99 on 02/09/24 and a 52-week low of $31.73 on 04/05/24. A 50-day SMA is recorded $37.73, while a 200-day SMA reached $28.87. Nevertheless, trading volume fell to 3.52 million shares from 4.23 million shares the previous day.
Support And Resistance Levels for Affirm Holdings Inc (AFRM)
According to the 24-hour chart, there is a support level at 33.03, which, if violated, would cause prices to drop to 32.25. In the upper region, resistance lies at 34.21. The next price resistance is at 34.61. RSI (Relative Strength Index) is 43.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 69.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Affirm Holdings Inc subject to short interest?
Stocks of Affirm Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.44 million shares to 30.33 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 29.89 million shares. A jump of 1.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.95 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.95.
