Offerpad Solutions Inc. [OPAD] Director makes an insider acquire of 140,359 shares worth 235,887.

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. Offerpad Solutions Inc. shares valued at $235,887 were purchased by Sella Roberto Marco on Aug 11. At $1.68 per share, Sella Roberto Marco acquired 140,359 shares. The insider’s holdings grew to 1,378,106 shares worth approximately $1.63 million following the completion of this transaction.

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Also, Sella Roberto Marco purchased 359,641 shares, netting a total of over 610,347 in proceeds. Following the buying of shares at $1.70 each, the insider now holds 1,237,747 shares.

Before that, Sella Roberto Marco had added 500,000 shares to its account. In a trade valued at $846,050, the Director bought Offerpad Solutions Inc. shares for $1.69 each. Upon closing the transaction, the insider’s holdings increased to 500,000 shares, worth approximately $1.04 million.

Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of June 21, 2022, Compass Point has initiated its “Buy” rating for OPAD.

Analyzing OPAD’s Price Performance

On Thursday, Offerpad Solutions Inc. [NYSE: OPAD] plunged -7.09% to $1.18. The stock’s lowest price that day was $1.18, but it reached a high of $1.28 in the same session. During the last five days, there has been a drop of approximately -14.49%. Over the course of the year, Offerpad Solutions Inc. shares have dropped approximately -81.56%. Shares of the company reached a 52-week high of $6.9500 on 01/04/22 and a 52-week low of $1.1800 on 09/22/22. A 50-day SMA is recorded $1.7742, while a 200-day SMA reached $3.9806. Nevertheless, trading volume fell to 1.17 million shares from 0.79 million shares the previous day.

Support And Resistance Levels for Offerpad Solutions Inc. (OPAD)

According to the 24-hour chart, there is a support level at 1.1467, which, if violated, would cause prices to drop to 1.1133. In the upper region, resistance lies at 1.2467. The next price resistance is at 1.3133. RSI (Relative Strength Index) is 27.45 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1419, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Offerpad Solutions Inc. subject to short interest?

Stocks of Offerpad Solutions Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 1.28 million shares to 8.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.05 million shares. A jump of 15.37% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.27 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.27.

Which companies own the most shares of Offerpad Solutions Inc. (OPAD)?

According to The Vanguard Group, Inc. filings, the company currently owns 7,506,751 shares, which is about 3.23% of the total OPAD shares outstanding. The investor’s shares have appreciated by 3,541,102 from its previous 13-F filing of 3965649.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $5,463,043. A total of 0 shares of Offerpad Solutions Inc. were bought by Kemnay Advisory Services, Inc. during the quarter, and -962,545 were sold by Luxor Capital Group LP. In its current portfolio, Glenmede Investment Management LP holds 1,890,516 shares valued at $2.87 million.


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