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 $379,730 were sold by Conrad Micah R. on May 14 ’24. At $50.63 per share, Conrad Micah R. sold 7,500 shares. The insider’s holdings dropped to 119,525 shares worth approximately $5.76 million following the completion of this transaction.
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Also, Shulman Douglas H. sold 19,000 shares, netting a total of over 976,119 in proceeds. Following the sale of shares at $51.37 each, the insider now holds 451,300 shares.
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 drop of approximately -3.66%. Over the course of the year, OneMain Holdings Inc shares have dropped approximately -2.01%. 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 $49.68, while a 200-day SMA reached $44.60. Nevertheless, trading volume fell to 0.88 million shares from 1.13 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 47.83, which, if violated, would cause prices to drop to 47.46. In the upper region, resistance lies at 48.84. The next price resistance is at 49.48. RSI (Relative Strength Index) is 36.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 97.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
