SoFi Technologies Inc’s recently made public that its Chief Technology Officer Rishel Jeremy unloaded Company’s shares for reported $0.39 million on Mar 19 ’24. In the deal valued at $6.93 per share,56,273 shares were sold. As a result of this transaction, Rishel Jeremy now holds 390,616 shares worth roughly $2.78 million.
Then, Rishel Jeremy sold 56,273 shares, generating $550,350 in total proceeds. Upon selling the shares at $9.78, the Chief Technology Officer now owns 343,250 shares.
Before that, Noto Anthony bought 22,500 shares. SoFi Technologies Inc shares valued at $146,288 were divested by the Chief Executive Officer at a price of $6.50 per share. As a result of the transaction, Noto Anthony now holds 7,261,789 shares, worth roughly $51.7 million.
A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early April from “an Underperform” to “a Mkt perform”. Needham began covering SOFI with “Buy” recommendation on April 03, 2024. Morgan Stanley revised its rating on January 31, 2024. It rated SOFI as “an Underweight” which previously was an “an Equal-weight”.
Price Performance Review of SOFI
On Monday, SoFi Technologies Inc [NASDAQ:SOFI] saw its stock fall -2.86% to $7.12. Over the last five days, the stock has lost -8.25%. SoFi Technologies Inc shares have fallen nearly -28.44% since the year began. Nevertheless, the stocks have risen 21.50% over the past one year. While a 52-week high of $11.70 was reached on 01/02/24, a 52-week low of $4.45 was recorded on 03/19/24. SMA at 50 days reached $7.77, while 200 days put it at $8.19. A total of 33.51 million shares were traded, compared to the trading of 36.7 million shares in the previous session.
Levels Of Support And Resistance For SOFI Stock
The 24-hour chart illustrates a support level at 6.99, which if violated will result in even more drops to 6.87. On the upside, there is a resistance level at 7.33. A further resistance level may holdings at 7.55. The Relative Strength Index (RSI) on the 14-day chart is 42.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.54%. Stochastics %K at 40.55% indicates the stock is a holding.
The most recent change occurred on January 10, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating .
