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Taking a Closer Look At Aflac Inc. (AFL) Following Its Recent Trade

In a filing, Aflac Inc. revealed its Director MOSKOWITZ JOSEPH L unloaded Company’s shares for reported $50904.0 on May 08 ’24. In the deal valued at $84.84 per share,600 shares were sold. As a result of this transaction, MOSKOWITZ JOSEPH L now holds 27,550 shares worth roughly $2.41 million.

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Then, KENNY THOMAS J sold 5,000 shares, generating $423,105 in total proceeds. Upon selling the shares at $84.62, the Director now owns 17,920 shares.

Before that, RIGGIERI ALBERT sold 8,000 shares. Aflac Inc. shares valued at $666,760 were divested by the SVP, Global CRO at a price of $83.34 per share. As a result of the transaction, RIGGIERI ALBERT now holds 32,825 shares, worth roughly $2.88 million.

Evercore ISI downgraded its Aflac Inc. [AFL] rating to an Underperform from a an In-line in a research note published on January 04, 2024; the price target was increased to $78 from $76. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid August from “an Overweight” to “an Equal-weight”. Wells Fargo started covering the stock on April 25, 2023. It rated AFL as “an Equal weight”.

Price Performance Review of AFL

On Tuesday, Aflac Inc. [NYSE:AFL] saw its stock fall -0.11% to $87.59. Over the last five days, the stock has gained 1.49%. Aflac Inc. shares have risen nearly 6.17% since the year began. Nevertheless, the stocks have risen 30.97% over the past one year. While a 52-week high of $88.59 was reached on 05/20/24, a 52-week low of $64.10 was recorded on 02/01/24. SMA at 50 days reached $84.31, while 200 days put it at $80.73. A total of 1.35 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For AFL Stock

The 24-hour chart illustrates a support level at 87.19, which if violated will result in even more drops to 86.80. On the upside, there is a resistance level at 87.85. A further resistance level may holdings at 88.12. The Relative Strength Index (RSI) on the 14-day chart is 64.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.50%. Stochastics %K at 91.91% indicates the stock is a selling.

The most recent change occurred on May 24, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $60 price target.

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