Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SoFi Technologies Inc shares valued at $198,548 were purchased by Noto Anthony on May 03 ’24. At $6.90 per share, Noto Anthony acquired 28,775 shares. The insider’s holdings grew to 8,033,369 shares worth approximately $56.39 million following the completion of this transaction.
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Also, Rishel Jeremy sold 56,273 shares, netting a total of over 389,972 in proceeds. Following the sale of shares at $6.93 each, the insider now holds 390,616 shares.
Before that, Rishel Jeremy had sold 56,273 shares from its account. In a trade valued at $550,350, the Chief Technology Officer traded SoFi Technologies Inc shares for $9.78 each. Upon closing the transaction, the insider’s holdings decreased to 56,273 shares, worth approximately $2.41 million.
Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of April 03, 2024, Needham has initiated its “Buy” rating for SOFI. Earlier on January 31, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for SOFI stock which previously was a “an Equal-weight”.
Analyzing SOFI Stock Performance
During the last five days, there has been a drop of approximately -3.44%. Over the course of the year, SoFi Technologies Inc shares have dropped approximately -29.45%. Shares of the company reached a 52-week high of $9.81 on 01/02/24 and a 52-week low of $6.61 on 04/30/24. A 50-day SMA is recorded $7.26, while a 200-day SMA reached $7.91. Nevertheless, trading volume fell to 27.62 million shares from 24.5 million shares the previous day.
Support And Resistance Levels for SoFi Technologies Inc (SOFI)
According to the 24-hour chart, there is a support level at 6.95, which, if violated, would cause prices to drop to 6.87. In the upper region, resistance lies at 7.12. The next price resistance is at 7.21. RSI (Relative Strength Index) is 45.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 81.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
