In a filing, Open Lending Corp revealed its Director Flynn John Joseph unloaded Company’s shares for reported $0.37 million on Mar 21 ’24. In the deal valued at $7.35 per share,50,000 shares were sold. As a result of this transaction, Flynn John Joseph now holds 1,993,762 shares worth roughly $9.57 million.
Then, Flynn John Joseph sold 50,000 shares, generating $398,030 in total proceeds. Upon selling the shares at $7.96, the Director now owns 2,029,666 shares.
Before that, Flynn John Joseph sold 50,000 shares. Open Lending Corp shares valued at $362,685 were divested by the Director at a price of $7.25 per share. As a result of the transaction, Flynn John Joseph now holds 2,079,666 shares, worth roughly $9.98 million.
Morgan Stanley upgraded its Open Lending Corp [LPRO] rating to an Equal-weight from a an Underweight in a research note published on February 06, 2024; the price target was increased to $7 from $4. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. BTIG Research began covering LPRO with “Neutral” recommendation on June 14, 2023.
Price Performance Review of LPRO
On Tuesday, Open Lending Corp [NASDAQ:LPRO] saw its stock fall -2.24% to $4.80. Over the last five days, the stock has lost -14.89%. Open Lending Corp shares have fallen nearly -43.60% since the year began. Nevertheless, the stocks have fallen -30.43% over the past one year. While a 52-week high of $11.99 was reached on 01/02/24, a 52-week low of $4.89 was recorded on 04/16/24. SMA at 50 days reached $6.81, while 200 days put it at $7.63. A total of 0.46 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For LPRO Stock
The 24-hour chart illustrates a support level at 4.74, which if violated will result in even more drops to 4.69. On the upside, there is a resistance level at 4.91. A further resistance level may holdings at 5.03. The Relative Strength Index (RSI) on the 14-day chart is 22.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 1.99% indicates the stock is a buying.
