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A Guide To The Risks Of Investing In Affirm Holdings Inc (AFRM)

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Affirm Holdings Inc’s recent filing unveils that its Director NOEL WATSON acquired Company’s shares for reported $0.18 million on Dec 16 ’24. In the deal valued at $70.70 per share,2,500 shares were bought.

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Then, Rabois Keith sold 16,086 shares, generating $1,109,657 in total proceeds. Upon selling the shares at $68.98, the Director now owns 109,780 shares.

Before that, Quarles Christa S sold 2,593 shares. Affirm Holdings Inc shares valued at $180,756 were divested by the Director at a price of $69.71 per share. As a result of the transaction, Quarles Christa S now holds 142,325 shares, worth roughly $10.09 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 Tuesday, Affirm Holdings Inc [NASDAQ:AFRM] saw its stock fall -2.70% to $70.89. Over the last five days, the stock has gained 6.89%. Affirm Holdings Inc shares have risen nearly 44.26% since the year began. Nevertheless, the stocks have risen 61.22% over the past one year. While a 52-week high of $73.34 was reached on 12/16/24, a 52-week low of $22.25 was recorded on 08/05/24. SMA at 50 days reached $55.71, while 200 days put it at $38.90.

Levels Of Support And Resistance For AFRM Stock

The 24-hour chart illustrates a support level at 67.67, which if violated will result in even more drops to 64.46. On the upside, there is a resistance level at 73.10. A further resistance level may holdings at 75.32. The Relative Strength Index (RSI) on the 14-day chart is 60.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.62%. Stochastics %K at 77.12% indicates the stock is a holding.

How much short interest is there in Affirm Holdings Inc?

A steep rise in short interest was recorded in Affirm Holdings Inc stocks on 2024-11-29, dropping by -1.65 million shares to a total of 16.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.34 million shares. There was a decline of -9.9%, which implies that there is a negative 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.

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