Olo Inc’s filing revealed that its Chief Financial Officer Benevides Peter J. unloaded Company’s shares for reported $0.11 million on Mar 06 ’24. In the deal valued at $5.60 per share,18,885 shares were sold. As a result of this transaction, Benevides Peter J. now holds 435,192 shares worth roughly $2.28 million.
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Then, Glass Noah H. sold 16,571 shares, generating $92,718 in total proceeds. Upon selling the shares at $5.60, the CEO now owns 332,971 shares.
Before that, Panama Diego sold 13,252 shares. Olo Inc shares valued at $74,109 were divested by the Chief Revenue Officer at a price of $5.59 per share. As a result of the transaction, Panama Diego now holds 632,806 shares, worth roughly $3.32 million.
Lake Street initiated its Olo Inc [OLO] rating to a Buy in a research note published on December 15, 2023; the price target was $7.50. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering OLO and has increased its forecast on July 20, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. BTIG Research started covering the stock on June 16, 2023. It rated OLO as “a Neutral”.
Price Performance Review of OLO
On Tuesday, Olo Inc [NYSE:OLO] saw its stock fall -0.38% to $5.24. Over the last five days, the stock has lost -4.73%. Olo Inc shares have fallen nearly -8.39% since the year began. Nevertheless, the stocks have fallen -29.38% over the past one year. While a 52-week high of $8.84 was reached on 02/22/24, a 52-week low of $4.25 was recorded on 01/17/24. SMA at 50 days reached $5.51, while 200 days put it at $5.92. A total of 0.62 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For OLO Stock
The 24-hour chart illustrates a support level at 5.19, which if violated will result in even more drops to 5.14. On the upside, there is a resistance level at 5.32. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 38.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.56%. Stochastics %K at 6.27% indicates the stock is a buying.
How much short interest is there in Olo Inc?
A steep rise in short interest was recorded in Olo Inc stocks on Feb 29, 2024, growing by 0.34 million shares to a total of 3.07 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.73 million shares. There was a rise of 11.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.69.
The most recent change occurred on October 19, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8.50 price target.
