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Checking in on Affirm Holdings Inc (AFRM) after recent insiders movement

Affirm Holdings Inc’s filing revealed that 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 $1.92 million.

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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 $2.51 million.

JP Morgan upgraded its Affirm Holdings Inc [AFRM] rating to an Overweight from a a Neutral in a research note published on May 09, 2024; the price target was increased to $43 from $41. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. BMO Capital Markets began covering AFRM with “Market perform” recommendation on January 10, 2024. Morgan Stanley revised its rating on December 18, 2023. It rated AFRM as “an Underweight” which previously was an “an Equal-weight”.

Price Performance Review of AFRM

On Monday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock jump 1.33% to $32.01. Over the last five days, the stock has lost -11.13%. Affirm Holdings Inc shares have fallen nearly -34.86% since the year began. Nevertheless, the stocks have risen 156.70% over the past one year. While a 52-week high of $52.48 was reached on 02/09/24, a 52-week low of $11.57 was recorded on 04/16/24. SMA at 50 days reached $34.31, while 200 days put it at $30.67. A total of 7.57 million shares were traded, compared to the trading of 8.42 million shares in the previous session.

Levels Of Support And Resistance For AFRM Stock

The 24-hour chart illustrates a support level at 31.31, which if violated will result in even more drops to 30.60. On the upside, there is a resistance level at 33.25. A further resistance level may holdings at 34.48. The Relative Strength Index (RSI) on the 14-day chart is 45.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.14%. Stochastics %K at 33.29% indicates the stock is a holding.

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