Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. OneSpan Inc shares valued at $49,150 were purchased by McConnell Michael J on Mar 15 ’24. At $9.83 per share, McConnell Michael J acquired 5,000 shares. The insider’s holdings grew to 73,849 shares worth approximately $0.9 million following the completion of this transaction.
Also, Martell Jorge Garcia sold 5,000 shares, netting a total of over 50,460 in proceeds. Following the sale of shares at $10.09 each, the insider now holds 30,599 shares.
Before that, Zenner Marc had added 2,500 shares to its account. In a trade valued at $24,716, the Director bought OneSpan Inc shares for $9.89 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $0.69 million.
As published in a research note from Sidoti on April 02, 2024, OneSpan Inc [OSPN] has been rated down from a Buy to a Neutral and the price target has been revised to $12. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of February 02, 2022, Craig Hallum has initiated its “Buy” rating for OSPN. Earlier on April 15, 2021, Sidoti upgraded its rating. Their new recommendation was “a Buy” for OSPN stock which previously was a “a Neutral”.
Analyzing OSPN Stock Performance
During the last five days, there has been a surge of approximately 11.90%. Over the course of the year, OneSpan Inc shares have jumped approximately 13.99%. Shares of the company reached a 52-week high of $14.24 on 05/03/24 and a 52-week low of $9.22 on 03/11/24. A 50-day SMA is recorded $10.76, while a 200-day SMA reached $10.63. Nevertheless, trading volume fell to 0.55 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for OneSpan Inc (OSPN)
According to the 24-hour chart, there is a support level at 11.81, which, if violated, would cause prices to drop to 11.41. In the upper region, resistance lies at 12.51. The next price resistance is at 12.81. RSI (Relative Strength Index) is 67.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 44.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
