KD Logo

Investing in Affirm Holdings Inc (AFRM): What You Must Know


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 $2.32 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 $3.31 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 0.27% to $33.42. Over the last five days, the stock has gained 4.55%. Affirm Holdings Inc shares have fallen nearly -31.99% since the year began. Nevertheless, the stocks have risen 228.94% 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 04/16/24. SMA at 50 days reached $35.16, while 200 days put it at $29.85. A total of 3.13 million shares were traded, compared to the trading of 3.91 million shares in the previous session.

Levels Of Support And Resistance For AFRM Stock

The 24-hour chart illustrates a support level at 32.87, which if violated will result in even more drops to 32.31. On the upside, there is a resistance level at 33.94. A further resistance level may holdings at 34.45. The Relative Strength Index (RSI) on the 14-day chart is 49.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.50%. Stochastics %K at 59.89% indicates the stock is a holding.

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.

Most Popular

[the_ad id="945"]