In a filing, Affirm Holdings Inc revealed its Director Rabois Keith unloaded Company’s shares for reported $0.3 million on May 01 ’24. In the deal valued at $32.12 per share,9,276 shares were sold. As a result of this transaction, Rabois Keith now holds 60,000 shares worth roughly $2.16 million.
Then, Rabois Keith sold 9,276 shares, generating $327,412 in total proceeds. Upon selling the shares at $35.30, the Director now owns 69,276 shares.
Before that, Rabois Keith sold 9,276 shares. Affirm Holdings Inc shares valued at $318,970 were divested by the Director at a price of $34.39 per share. As a result of the transaction, Rabois Keith now holds 78,552 shares, worth roughly $2.83 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 3.12% to $36.02. Over the last five days, the stock has gained 7.78%. Affirm Holdings Inc shares have fallen nearly -26.70% since the year began. Nevertheless, the stocks have risen 294.52% 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 $34.81, while 200 days put it at $30.27. A total of 5.16 million shares were traded, compared to the trading of 5.22 million shares in the previous session.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 35.30, which if violated will result in even more drops to 34.58. On the upside, there is a resistance level at 36.65. A further resistance level may holdings at 37.28. The Relative Strength Index (RSI) on the 14-day chart is 59.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.58%. Stochastics %K at 88.05% indicates the stock is a selling.
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.
