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AFRM Shares Experience Decline in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Affirm Holdings Inc shares valued at $298,841 were purchased by WHITE JAMES D on Aug 30 ’24. At $41.50 per share, WHITE JAMES D acquired 7,201 shares.

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Also, Rabois Keith sold 9,275 shares, netting a total of over 249,514 in proceeds. Following the sale of shares at $26.90 each, the insider now holds 64,348 shares.

Before that, Rabois Keith had sold 9,276 shares from its account. In a trade valued at $277,260, the Director traded Affirm Holdings Inc shares for $29.89 each. Upon closing the transaction, the insider’s holdings decreased to 9,276 shares, worth approximately $2.92 million.

As published in a research note from BofA Securities on July 30, 2024, Affirm Holdings Inc [AFRM] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Analysts at JMP Securities started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Neutral” for AFRM stock.

Analyzing AFRM Stock Performance

During the last five days, there has been a surge of approximately 25.52%. Over the course of the year, Affirm Holdings Inc shares have dropped approximately -19.33%. Shares of the company reached a 52-week high of $49.99 on 02/09/24 and a 52-week low of $22.25 on 08/05/24. A 50-day SMA is recorded $29.95, while a 200-day SMA reached $35.02. Nevertheless, trading volume fell to 9.9 million shares from 12.89 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 38.77, which, if violated, would cause prices to drop to 37.91. In the upper region, resistance lies at 41.25. The next price resistance is at 42.87. RSI (Relative Strength Index) is 67.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.03, which suggests the price will increase in the coming days. Percent R is at 31.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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