Affirm Holdings Inc’s recently made public that 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 $4.31 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 $5.75 million.
Wells Fargo upgraded its Affirm Holdings Inc [AFRM] rating to an Overweight from a an Equal weight in a research note published on October 11, 2024; the price target was increased to $52 from $40. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “an Equal-weight”. BTIG Research also remained covering AFRM and has increased its forecast on October 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Susquehanna started covering the stock on September 20, 2024. It rated AFRM as “a Positive”.
Price Performance Review of AFRM
On Friday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock jump 12.07% to $47.08. Over the last five days, the stock has gained 19.61%. Affirm Holdings Inc shares have fallen nearly -4.19% since the year began. Nevertheless, the stocks have risen 133.88% 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 $36.47, while 200 days put it at $35.49.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 44.06, which if violated will result in even more drops to 41.04. On the upside, there is a resistance level at 49.25. A further resistance level may holdings at 51.42. The Relative Strength Index (RSI) on the 14-day chart is 67.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.91%. Stochastics %K at 69.98% indicates the stock is a holding.
How much short interest is there in Affirm Holdings Inc?
A steep rise in short interest was recorded in Affirm Holdings Inc stocks on 2024-09-30, dropping by -1.39 million shares to a total of 19.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 20.74 million shares. There was a decline of -7.19%, which implies that there is a negative sentiment for the stock.
