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Potential Price Increase for Aflac Inc (AFL) After Recent Insider Activity

Aflac Inc’s recently made public that its Director MOSKOWITZ JOSEPH L unloaded Company’s shares for reported $64998.0 on Nov 08 ’24. In the deal valued at $108.33 per share,600 shares were sold. As a result of this transaction, MOSKOWITZ JOSEPH L now holds 26,372 shares worth roughly $2.76 million.

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Then, MOSKOWITZ JOSEPH L bought 600 shares, generating $64,998 in total proceeds.

Before that, Crawford Frederick John bought 55,000 shares. Aflac Inc shares valued at $6,063,750 were divested by the Director at a price of $110.25 per share.

TD Cowen initiated its Aflac Inc [AFL] rating to a Hold in a research note published on October 09, 2024; the price target was $102. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Underweight”‘ rating. Evercore ISI also remained covering AFL and has decreased its forecast on January 04, 2024 with a “an Underperform” recommendation from previously “an In-line” rating. Morgan Stanley revised its rating on August 18, 2023. It rated AFL as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of AFL

On Friday, Aflac Inc [NYSE:AFL] saw its stock jump 0.13% to $104.52. Over the last five days, the stock has lost -2.60%. Aflac Inc shares have risen nearly 26.69% since the year began. Nevertheless, the stocks have risen 24.38% over the past one year. While a 52-week high of $115.50 was reached on 10/04/24, a 52-week low of $75.07 was recorded on 02/01/24. SMA at 50 days reached $110.16, while 200 days put it at $97.19.

Levels Of Support And Resistance For AFL Stock

The 24-hour chart illustrates a support level at 104.04, which if violated will result in even more drops to 103.56. On the upside, there is a resistance level at 105.15. A further resistance level may holdings at 105.79. The Relative Strength Index (RSI) on the 14-day chart is 34.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.25%. Stochastics %K at 12.57% indicates the stock is a buying.

How much short interest is there in Aflac Inc?

A steep rise in short interest was recorded in Aflac Inc stocks on 2024-11-29, dropping by -1.25 million shares to a total of 7.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.11 million shares. There was a decline of -15.85%, which implies that there is a negative sentiment for the stock.

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