OFG Bancorp’s filing revealed that its Chief Strategy Officer, US Kumar Ganesh unloaded Company’s shares for reported $0.28 million on Mar 28 ’24. In the deal valued at $36.40 per share,7,628 shares were sold. As a result of this transaction, Kumar Ganesh now holds 111,409 shares worth roughly $4.04 million.
Then, Kumar Ganesh sold 15,768 shares, generating $566,229 in total proceeds. Upon selling the shares at $35.91, the Chief Strategy Officer, US now owns 119,037 shares.
Before that, Kumar Ganesh sold 9,697 shares. OFG Bancorp shares valued at $352,971 were divested by the Chief Strategy Officer, US at a price of $36.40 per share. As a result of the transaction, Kumar Ganesh now holds 134,805 shares, worth roughly $4.89 million.
A number of analysts have revised their coverage, including Hovde Group’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Wells Fargo began covering OFG with “an Overweight” recommendation on November 09, 2021. Piper Jaffray revised its rating on July 16, 2018. It rated OFG as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of OFG
On Tuesday, OFG Bancorp [NYSE:OFG] saw its stock jump 1.54% to $36.25. Over the last five days, the stock has gained 8.24%. OFG Bancorp shares have fallen nearly -3.28% since the year began. Nevertheless, the stocks have risen 41.22% over the past one year. While a 52-week high of $39.04 was reached on 02/01/24, a 52-week low of $22.34 was recorded on 04/19/24. SMA at 50 days reached $35.74, while 200 days put it at $33.47. A total of 0.24 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For OFG Stock
The 24-hour chart illustrates a support level at 35.79, which if violated will result in even more drops to 35.34. On the upside, there is a resistance level at 36.54. A further resistance level may holdings at 36.84. The Relative Strength Index (RSI) on the 14-day chart is 58.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.99%. Stochastics %K at 72.95% indicates the stock is a holding.
