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Aflac Inc. (AFL) gets rating Initiated from Barclays

Aflac Inc.’s recently made public that its Director Crawford Frederick John acquired Company’s shares for reported $6.06 million on Sep 27 ’24. In the deal valued at $110.25 per share,55,000 shares were bought.

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Then, RIGGIERI ALBERT bought 5,496 shares, generating $577,630 in total proceeds.

Before that, MOSKOWITZ JOSEPH L sold 600 shares. Aflac Inc. shares valued at $59,730 were divested by the Director at a price of $99.55 per share. As a result of the transaction, MOSKOWITZ JOSEPH L now holds 26,962 shares, worth roughly $3.03 million.

Barclays initiated its Aflac Inc. [AFL] rating to an Underweight in a research note published on September 05, 2024; the price target was $96. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an In-line” to “an Underperform”. Morgan Stanley also remained covering AFL and has decreased its forecast on August 18, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating.

Price Performance Review of AFL

On Tuesday, Aflac Inc. [NYSE:AFL] saw its stock jump 0.56% to $112.47. Over the last five days, the stock has lost -0.31%. Aflac Inc. shares have risen nearly 36.33% since the year began. Nevertheless, the stocks have risen 44.94% over the past one year. While a 52-week high of $115.50 was reached on 10/04/24, a 52-week low of $75.07 was recorded on 02/01/24. SMA at 50 days reached $106.81, while 200 days put it at $90.46.

Levels Of Support And Resistance For AFL Stock

The 24-hour chart illustrates a support level at 112.01, which if violated will result in even more drops to 111.55. On the upside, there is a resistance level at 112.93. A further resistance level may holdings at 113.39. The Relative Strength Index (RSI) on the 14-day chart is 59.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.94%. Stochastics %K at 72.60% indicates the stock is a holding.

How much short interest is there in Aflac Inc.?

A steep rise in short interest was recorded in Aflac Inc. stocks on 2024-09-13, dropping by -1.28 million shares to a total of 12.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.13 million shares. There was a decline of -9.97%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 25, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $73 price target.

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