In a filing, SoFi Technologies Inc revealed its Chief Executive Officer Noto Anthony acquired Company’s shares for reported $0.2 million on May 03 ’24. In the deal valued at $6.90 per share,28,775 shares were bought. As a result of this transaction, Noto Anthony now holds 8,033,369 shares worth roughly $57.52 million.
Then, Rishel Jeremy sold 56,273 shares, generating $389,972 in total proceeds. Upon selling the shares at $6.93, the Chief Technology Officer now owns 390,616 shares.
Before that, Rishel Jeremy sold 56,273 shares. SoFi Technologies Inc shares valued at $550,350 were divested by the Chief Technology Officer at a price of $9.78 per share. As a result of the transaction, Rishel Jeremy now holds 343,250 shares, worth roughly $2.46 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 jump 2.87% to $7.16. Over the last five days, the stock has gained 1.63%. SoFi Technologies Inc shares have fallen nearly -28.04% since the year began. Nevertheless, the stocks have risen 46.27% 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 04/30/24. SMA at 50 days reached $7.51, while 200 days put it at $8.06. A total of 49.74 million shares were traded, compared to the trading of 45.47 million shares in the previous session.
Levels Of Support And Resistance For SOFI Stock
The 24-hour chart illustrates a support level at 7.04, which if violated will result in even more drops to 6.91. On the upside, there is a resistance level at 7.28. A further resistance level may holdings at 7.39. The Relative Strength Index (RSI) on the 14-day chart is 47.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.36%. Stochastics %K at 33.07% 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.
