Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Capital One Financial Corp. shares valued at $5,168,800 were sold by LaPrade,III Frank G. on Dec 14 ’23. At $130.00 per share, LaPrade,III Frank G. sold 39,760 shares. The insider’s holdings dropped to 43,186 shares worth approximately $6.06 million following the completion of this transaction.
Also, Alexander Robert M. sold 7,998 shares, netting a total of over 1,039,740 in proceeds. Following the sale of shares at $130.00 each, the insider now holds 67,040 shares.
Before that, HACKETT ANN F had sold 3,000 shares from its account. In a trade valued at $390,000, the Director traded Capital One Financial Corp. shares for $130.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $0.0.
As published in a research note from Wolfe Research on April 04, 2024, Capital One Financial Corp. [COF] has been rated up from a Peer perform to an Outperform and the price target has been revised to $189. Analysts at Wolfe Research upgraded the stock from ‘”an Underperform”‘ to ‘”a Peer perform”‘ outlook in a report released in late January. As of January 10, 2024, Deutsche Bank has initiated its “Hold” rating for COF. Earlier on January 10, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for COF stock which previously was a “an Outperform”.
Analyzing COF Stock Performance
During the last five days, there has been a drop of approximately -1.26%. Over the course of the year, Capital One Financial Corp. shares have jumped approximately 7.03%. Shares of the company reached a 52-week high of $149.27 on 03/28/24 and a 52-week low of $123.23 on 01/18/24. A 50-day SMA is recorded $138.50, while a 200-day SMA reached $117.57. Nevertheless, trading volume fell to 2.15 million shares from 3.04 million shares the previous day.
Support And Resistance Levels for Capital One Financial Corp. (COF)
According to the 24-hour chart, there is a support level at 138.17, which, if violated, would cause prices to drop to 136.00. In the upper region, resistance lies at 141.94. The next price resistance is at 143.54. RSI (Relative Strength Index) is 48.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.75, which suggests the price will decrease in the coming days. Percent R is at 76.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Capital One Financial Corp. subject to short interest?
Stocks of Capital One Financial Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.69 million shares to 11.3 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 10.61 million shares. A jump of 6.11% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.47 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.47.
