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Investing in Affirm Holdings Inc (AFRM) Is Getting More Attractive

In a filing, Affirm Holdings Inc revealed its Chief Legal Officer Adkins Katherine unloaded Company’s shares for reported $3.7 million on Sep 18 ’24. In the deal valued at $45.00 per share,82,316 shares were sold. As a result of this transaction, Adkins Katherine now holds 91,499 shares worth roughly $3.6 million.

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Then, Adkins Katherine sold 46,600 shares, generating $2,097,061 in total proceeds. Upon selling the shares at $45.00, the Chief Legal Officer now owns 122,069 shares.

Before that, Adkins Katherine sold 6,084 shares. Affirm Holdings Inc shares valued at $273,780 were divested by the Chief Legal Officer at a price of $45.00 per share. As a result of the transaction, Adkins Katherine now holds 122,069 shares, worth roughly $4.8 million.

Susquehanna initiated its Affirm Holdings Inc [AFRM] rating to a Positive in a research note published on September 20, 2024; the price target was $52. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. JMP Securities began covering AFRM with “Mkt perform” recommendation on June 28, 2024.

Price Performance Review of AFRM

On Friday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock jump 2.23% to $39.36. Over the last five days, the stock has lost -4.37%. Affirm Holdings Inc shares have fallen nearly -19.90% since the year began. Nevertheless, the stocks have risen 119.89% over the past one year. While a 52-week high of $52.48 was reached on 02/09/24, a 52-week low of $15.97 was recorded on 08/05/24. SMA at 50 days reached $34.96, while 200 days put it at $35.64.

Levels Of Support And Resistance For AFRM Stock

The 24-hour chart illustrates a support level at 37.90, which if violated will result in even more drops to 36.44. On the upside, there is a resistance level at 40.23. A further resistance level may holdings at 41.10. The Relative Strength Index (RSI) on the 14-day chart is 49.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.81%. Stochastics %K at 12.67% indicates the stock is a buying.

How much short interest is there in Affirm Holdings Inc?

A steep rise in short interest was recorded in Affirm Holdings Inc stocks on 2024-09-13, dropping by -2.21 million shares to a total of 21.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 23.33 million shares. There was a decline of -10.47%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 07, 2024 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating .

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