Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aflac Inc. shares valued at $423,105 were sold by KENNY THOMAS J on Mar 20 ’24. At $84.62 per share, KENNY THOMAS J sold 5,000 shares. The insider’s holdings dropped to 17,920 shares worth approximately $1.45 million following the completion of this transaction.
Also, RIGGIERI ALBERT sold 8,000 shares, netting a total of over 666,760 in proceeds. Following the sale of shares at $83.34 each, the insider now holds 32,825 shares.
Before that, Collins Arthur Reginald had sold 3,000 shares from its account. In a trade valued at $239,199, the Director traded Aflac Inc. shares for $79.73 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.45 million.
As published in a research note from Evercore ISI on January 04, 2024, Aflac Inc. [AFL] has been rated down from an In-line to an Underperform and the price target has been revised to $78 from $76. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid August. Earlier on April 25, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for AFL stock.
Analyzing AFL Stock Performance
During the last five days, there has been a surge of approximately 1.68%. Over the course of the year, Aflac Inc. shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $86.26 on 03/28/24 and a 52-week low of $75.07 on 02/01/24. A 50-day SMA is recorded $81.95, while a 200-day SMA reached $79.21. Nevertheless, trading volume fell to 2.13 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Aflac Inc. (AFL)
According to the 24-hour chart, there is a support level at 80.29, which, if violated, would cause prices to drop to 79.59. In the upper region, resistance lies at 81.50. The next price resistance is at 82.02. RSI (Relative Strength Index) is 40.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.17, which suggests the price will decrease in the coming days. Percent R is at 75.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
