The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SoFi Technologies Inc shares valued at $389,972 were sold by Rishel Jeremy on Mar 19 ’24. At $6.93 per share, Rishel Jeremy sold 56,273 shares. The insider’s holdings dropped to 390,616 shares worth approximately $2.79 million following the completion of this transaction.
Also, Rishel Jeremy sold 56,273 shares, netting a total of over 550,350 in proceeds. Following the sale of shares at $9.78 each, the insider now holds 343,250 shares.
Before that, Noto Anthony had added 22,500 shares to its account. In a trade valued at $146,288, the Chief Executive Officer bought SoFi Technologies Inc shares for $6.50 each. Upon closing the transaction, the insider’s holdings increased to 22,500 shares, worth approximately $51.78 million.
Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of April 03, 2024, Needham has initiated its “Buy” rating for SOFI. Earlier on January 31, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for SOFI stock which previously was a “an Equal-weight”.
Analyzing SOFI Stock Performance
During the last five days, there has been a drop of approximately -6.68%. Over the course of the year, SoFi Technologies Inc shares have dropped approximately -28.34%. Shares of the company reached a 52-week high of $9.81 on 01/02/24 and a 52-week low of $6.82 on 03/19/24. A 50-day SMA is recorded $7.74, while a 200-day SMA reached $8.17. Nevertheless, trading volume fell to 34.27 million shares from 34.2 million shares the previous day.
Support And Resistance Levels for SoFi Technologies Inc (SOFI)
According to the 24-hour chart, there is a support level at 7.01, which, if violated, would cause prices to drop to 6.88. In the upper region, resistance lies at 7.32. The next price resistance is at 7.50. RSI (Relative Strength Index) is 43.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 83.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
