In a filing, Affirm Holdings Inc revealed its President Michalek Libor unloaded Company’s shares for reported $6.72 million on Dec 04 ’24. In the deal valued at $72.00 per share,93,371 shares were sold. As a result of this transaction, Michalek Libor now holds 160,601 shares worth roughly $11.54 million.
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Then, O’Hare Robert sold 13,965 shares, generating $957,549 in total proceeds. Upon selling the shares at $68.57, the Chief Financial Officer now owns 668 shares.
Before that, Michalek Libor sold 6,629 shares. Affirm Holdings Inc shares valued at $477,818 were divested by the President at a price of $72.08 per share. As a result of the transaction, Michalek Libor now holds 160,601 shares, worth roughly $11.54 million.
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 5.16% to $71.88. Over the last five days, the stock has gained 2.67%. Affirm Holdings Inc shares have risen nearly 46.28% since the year began. Nevertheless, the stocks have risen 87.29% over the past one year. While a 52-week high of $72.82 was reached on 12/05/24, a 52-week low of $22.25 was recorded on 08/05/24. SMA at 50 days reached $51.47, while 200 days put it at $37.78.
Levels Of Support And Resistance For AFRM Stock
The 24-hour chart illustrates a support level at 69.50, which if violated will result in even more drops to 67.12. On the upside, there is a resistance level at 73.27. A further resistance level may holdings at 74.66. The Relative Strength Index (RSI) on the 14-day chart is 67.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.08%. Stochastics %K at 90.61% 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.
