Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. OneMain Holdings Inc shares valued at $976,119 were sold by Shulman Douglas H. on May 08 ’24. At $51.37 per share, Shulman Douglas H. sold 19,000 shares. The insider’s holdings dropped to 451,300 shares worth approximately $23.31 million following the completion of this transaction.
As published in a research note from Piper Sandler on February 08, 2024, OneMain Holdings Inc [OMF] has been rated down from an Overweight to a Neutral and the price target has been revised to $49 from $55. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid January. As of January 10, 2024, Deutsche Bank has initiated its “Buy” rating for OMF. Earlier on November 15, 2023, Barclays initiated its rating. Their recommendation was “an Overweight” for OMF stock.
Analyzing OMF Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, OneMain Holdings Inc shares have jumped approximately 4.98%. Shares of the company reached a 52-week high of $53.65 on 04/30/24 and a 52-week low of $43.02 on 02/08/24. A 50-day SMA is recorded $49.28, while a 200-day SMA reached $44.37. Nevertheless, trading volume fell to 0.93 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for OneMain Holdings Inc (OMF)
According to the 24-hour chart, there is a support level at 51.22, which, if violated, would cause prices to drop to 50.78. In the upper region, resistance lies at 51.94. The next price resistance is at 52.22. RSI (Relative Strength Index) is 60.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 34.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
