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Taking a look at what insiders are doing to gauge the Aflac Inc (AFL)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aflac Inc shares valued at $2,643,443 were purchased by Daniels James Todd on Dec 17 ’24. At $103.01 per share, Daniels James Todd acquired 25,662 shares.

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Also, MOSKOWITZ JOSEPH L sold 600 shares, netting a total of over 64,998 in proceeds. Following the sale of shares at $108.33 each, the insider now holds 26,372 shares.

Before that, MOSKOWITZ JOSEPH L had added 600 shares to its account. In a trade valued at $64,998, the Director bought Aflac Inc shares for $108.33 each.

As published in their initiating research note from TD Cowen on October 09, 2024, Aflac Inc [AFL] has been a Hold and the price target has been revised to $102. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in early September. As of January 04, 2024, Evercore ISI has decreased its “an In-line” rating to a “an Underperform” for AFL. Earlier on August 18, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for AFL stock which previously was a “an Overweight”.

Analyzing AFL Stock Performance

During the last five days, there has been a drop of approximately -3.68%. Over the course of the year, Aflac Inc shares have jumped approximately 21.66%. Shares of the company reached a 52-week high of $115.50 on 10/04/24 and a 52-week low of $75.07 on 02/01/24. A 50-day SMA is recorded $109.50, while a 200-day SMA reached $97.52. Nevertheless, trading volume fell to 2.96 million shares from 2.0 million shares the previous day.

Support And Resistance Levels for Aflac Inc (AFL)

According to the 24-hour chart, there is a support level at 99.34, which, if violated, would cause prices to drop to 98.31. In the upper region, resistance lies at 102.36. The next price resistance is at 104.35. RSI (Relative Strength Index) is 24.92 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.65, which suggests the price will decrease in the coming days. Percent R is at 99.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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