Affirm Holdings Inc’s filing revealed that its President Michalek Libor unloaded Company’s shares for reported $6.87 million on Nov 22 ’24. In the deal valued at $68.11 per share,100,821 shares were sold. As a result of this transaction, Michalek Libor now holds 159,449 shares worth roughly $11.16 million.
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Then, Michalek Libor sold 96,332 shares, generating $6,744,203 in total proceeds. Upon selling the shares at $70.01, the President now owns 159,449 shares.
Before that, O’Hare Robert sold 79,039 shares. Affirm Holdings Inc shares valued at $5,533,520 were divested by the Chief Financial Officer at a price of $70.01 per share. As a result of the transaction, O’Hare Robert now holds 0 shares, worth roughly $0.0.
Wedbush upgraded its Affirm Holdings Inc [AFRM] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid October from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering AFRM and has increased its forecast on October 09, 2024 with a “an Equal-weight” recommendation from previously “an Underweight” rating. BTIG Research revised its rating on October 08, 2024. It rated AFRM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AFRM
On Friday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock jump 2.40% to $70.01. Over the last five days, the stock has gained 6.50%. Affirm Holdings Inc shares have risen nearly 42.47% since the year began. Nevertheless, the stocks have risen 105.19% over the past one year. While a 52-week high of $70.20 was reached on 11/29/24, a 52-week low of $22.25 was recorded on 08/05/24. SMA at 50 days reached $48.82, while 200 days put it at $36.98.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 68.73, which if violated will result in even more drops to 67.44. On the upside, there is a resistance level at 71.09. A further resistance level may holdings at 72.16. The Relative Strength Index (RSI) on the 14-day chart is 72.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.80%. Stochastics %K at 94.30% indicates the stock is a selling.
How much short interest is there in Affirm Holdings Inc?
A steep rise in short interest was recorded in Affirm Holdings Inc stocks on 2024-11-15, growing by 0.67 million shares to a total of 20.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 19.37 million shares. There was a rise of 3.33%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 20, 2024 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $52 price target.
