Affirm Holdings Inc’s filing revealed that 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 $2.15 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 $3.08 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 fall -4.78% to $31.06. Over the last five days, the stock has lost -8.94%. Affirm Holdings Inc shares have fallen nearly -36.79% since the year began. Nevertheless, the stocks have risen 173.18% 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 04/15/24. SMA at 50 days reached $37.40, while 200 days put it at $29.03. A total of 5.12 million shares were traded, compared to the trading of 3.54 million shares in the previous session.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 30.37, which if violated will result in even more drops to 29.67. On the upside, there is a resistance level at 32.42. A further resistance level may holdings at 33.77. The Relative Strength Index (RSI) on the 14-day chart is 37.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.60%. Stochastics %K at 14.73% indicates the stock is a buying.
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.
