Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Olo Inc shares valued at $105,671 were sold by Benevides Peter J. on Mar 06 ’24. At $5.60 per share, Benevides Peter J. sold 18,885 shares. The insider’s holdings dropped to 435,192 shares worth approximately $2.06 million following the completion of this transaction.
Also, Glass Noah H. sold 16,571 shares, netting a total of over 92,718 in proceeds. Following the sale of shares at $5.60 each, the insider now holds 332,971 shares.
Before that, Panama Diego had sold 13,252 shares from its account. In a trade valued at $74,109, the Chief Revenue Officer traded Olo Inc shares for $5.59 each. Upon closing the transaction, the insider’s holdings decreased to 13,252 shares, worth approximately $2.99 million.
As published in their initiating research note from Lake Street on December 15, 2023, Olo Inc [OLO] has been a Buy and the price target has been revised to $7.50. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of July 20, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for OLO. Earlier on June 16, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for OLO stock.
Analyzing OLO Stock Performance
During the last five days, there has been a drop of approximately -6.34%. Over the course of the year, Olo Inc shares have dropped approximately -17.31%. Shares of the company reached a 52-week high of $6.84 on 02/22/24 and a 52-week low of $4.72 on 04/17/24. A 50-day SMA is recorded $5.51, while a 200-day SMA reached $5.78. Nevertheless, trading volume fell to 0.6 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Olo Inc (OLO)
According to the 24-hour chart, there is a support level at 4.67, which, if violated, would cause prices to drop to 4.61. In the upper region, resistance lies at 4.84. The next price resistance is at 4.94. RSI (Relative Strength Index) is 30.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 98.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
