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Affirm Holdings Inc [AFRM] Records 200-Day SMA of $31.93

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Affirm Holdings Inc shares valued at $267,399 were sold by Rabois Keith on Jun 03 ’24. At $28.83 per share, Rabois Keith sold 9,276 shares. The insider’s holdings dropped to 82,899 shares worth approximately $2.59 million following the completion of this transaction.

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Also, Rabois Keith sold 9,276 shares, netting a total of over 297,902 in proceeds. Following the sale of shares at $32.12 each, the insider now holds 60,000 shares.

Before that, Rabois Keith had sold 9,276 shares from its account. In a trade valued at $327,412, the Director traded Affirm Holdings Inc shares for $35.30 each. Upon closing the transaction, the insider’s holdings decreased to 9,276 shares, worth approximately $2.16 million.

As published in a research note from JP Morgan on May 09, 2024, Affirm Holdings Inc [AFRM] has been rated up from a Neutral to an Overweight and the price target has been revised to $43 from $41. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of January 10, 2024, BMO Capital Markets has initiated its “Market perform” rating for AFRM. Earlier on December 18, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for AFRM stock which previously was a “an Equal-weight”.

Analyzing AFRM Stock Performance

During the last five days, there has been a surge of approximately 6.23%. Over the course of the year, Affirm Holdings Inc shares have dropped approximately -36.53%. Shares of the company reached a 52-week high of $49.99 on 02/09/24 and a 52-week low of $28.39 on 05/29/24. A 50-day SMA is recorded $32.40, while a 200-day SMA reached $31.93. Nevertheless, trading volume fell to 3.51 million shares from 5.26 million shares the previous day.

Support And Resistance Levels for Affirm Holdings Inc (AFRM)

According to the 24-hour chart, there is a support level at 30.43, which, if violated, would cause prices to drop to 29.68. In the upper region, resistance lies at 31.67. The next price resistance is at 32.15. RSI (Relative Strength Index) is 49.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 48.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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