The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Affirm Holdings Inc shares valued at $6,319,000 were purchased by LIBOR MICHALEK on Nov 21 ’24. At $63.19 per share, LIBOR MICHALEK acquired 100,000 shares.
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Also, ROBERT WARREN OHARE purchased 29,840 shares, netting a total of over 1,885,590 in proceeds.
Before that, Michalek Libor had sold 100,000 shares from its account. In a trade valued at $6,200,000, the President traded Affirm Holdings Inc shares for $62.00 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $10.48 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 surge of approximately 23.55%. Over the course of the year, Affirm Holdings Inc shares have jumped approximately 33.78%. Shares of the company reached a 52-week high of $66.61 on 11/21/24 and a 52-week low of $22.25 on 08/05/24. A 50-day SMA is recorded $46.44, while a 200-day SMA reached $36.37. Nevertheless, trading volume fell to 10.04 million shares from 7.74 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 63.31, which, if violated, would cause prices to drop to 60.88. In the upper region, resistance lies at 67.39. The next price resistance is at 69.04. RSI (Relative Strength Index) is 73.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.38, which suggests the price will increase in the coming days. Percent R is at 3.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
