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 $957,549 were sold by O’Hare Robert on Dec 02 ’24. At $68.57 per share, O’Hare Robert sold 13,965 shares. The insider’s holdings dropped to 668 shares worth approximately $48096.0 following the completion of this transaction.
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Also, Michalek Libor sold 6,629 shares, netting a total of over 477,818 in proceeds. Following the sale of shares at $72.08 each, the insider now holds 160,601 shares.
Before that, Michalek Libor had sold 2,847 shares from its account. In a trade valued at $199,290, the President traded Affirm Holdings Inc shares for $70.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,847 shares, worth approximately $11.48 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 8.65%. Over the course of the year, Affirm Holdings Inc shares have jumped approximately 46.52%. Shares of the company reached a 52-week high of $72.19 on 12/04/24 and a 52-week low of $22.25 on 08/05/24. A 50-day SMA is recorded $50.36, while a 200-day SMA reached $37.45. Nevertheless, trading volume fell to 6.08 million shares from 8.32 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 70.50, which, if violated, would cause prices to drop to 69.01. In the upper region, resistance lies at 72.84. The next price resistance is at 73.69. RSI (Relative Strength Index) is 72.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.95, which suggests the price will increase in the coming days. Percent R is at 0.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
