Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Affirm Holdings Inc shares valued at $3,704,228 were sold by Adkins Katherine on Sep 18 ’24. At $45.00 per share, Adkins Katherine sold 82,316 shares. The insider’s holdings dropped to 91,499 shares worth approximately $3.85 million following the completion of this transaction.
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Also, Adkins Katherine sold 46,600 shares, netting a total of over 2,097,061 in proceeds. Following the sale of shares at $45.00 each, the insider now holds 122,069 shares.
Before that, Adkins Katherine had sold 6,084 shares from its account. In a trade valued at $273,780, the Chief Legal Officer traded Affirm Holdings Inc shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,084 shares, worth approximately $5.13 million.
As published in a research note from Wedbush on October 14, 2024, Affirm Holdings Inc [AFRM] has been rated up from an Underperform to a Neutral and the price target has been revised to $45. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of October 09, 2024, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for AFRM. Earlier on October 08, 2024, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for AFRM stock which previously was a “a Neutral”.
Analyzing AFRM Stock Performance
During the last five days, there has been a drop of approximately -4.33%. Over the course of the year, Affirm Holdings Inc shares have dropped approximately -14.47%. Shares of the company reached a 52-week high of $50.09 on 10/15/24 and a 52-week low of $22.25 on 08/05/24. A 50-day SMA is recorded $40.03, while a 200-day SMA reached $35.43. Nevertheless, trading volume fell to 5.94 million shares from 4.15 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 41.14, which, if violated, would cause prices to drop to 40.26. In the upper region, resistance lies at 43.12. The next price resistance is at 44.22. RSI (Relative Strength Index) is 48.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.47, which suggests the price will decrease in the coming days. Percent R is at 67.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
