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Checking in on SoFi Technologies Inc (SOFI) after recent insiders movement

CHWY Stock

SoFi Technologies Inc’s filing revealed that its Chief Technology Officer Rishel Jeremy unloaded Company’s shares for reported $0.36 million on Jun 20 ’24. In the deal valued at $6.41 per share,56,273 shares were sold. As a result of this transaction, Rishel Jeremy now holds 453,464 shares worth roughly $2.88 million.

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Then, Noto Anthony bought 30,715 shares, generating $199,110 in total proceeds. Upon buying the shares at $6.48, the Chief Executive Officer now owns 8,121,844 shares.

Before that, Qatar Investment Authority sold 19,840,073 shares. SoFi Technologies Inc shares valued at $134,515,695 were divested by the Director by deputization at a price of $6.78 per share. As a result of the transaction, Qatar Investment Authority now holds 0 shares, worth roughly $0.0.

Keefe Bruyette also remained covering SOFI and has increased its forecast on April 05, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Needham started covering the stock on April 03, 2024. It rated SOFI as “a Buy”.

Price Performance Review of SOFI

On Monday, SoFi Technologies Inc [NASDAQ:SOFI] saw its stock fall -1.85% to $6.35. Over the last five days, the stock has lost -3.93%. SoFi Technologies Inc shares have fallen nearly -36.18% since the year began. Nevertheless, the stocks have fallen -21.60% over the past one year. While a 52-week high of $11.70 was reached on 01/02/24, a 52-week low of $6.20 was recorded on 06/21/24. SMA at 50 days reached $6.87, while 200 days put it at $7.62. A total of 22.51 million shares were traded, compared to the trading of 15.36 million shares in the previous session.

Levels Of Support And Resistance For SOFI Stock

The 24-hour chart illustrates a support level at 6.29, which if violated will result in even more drops to 6.23. On the upside, there is a resistance level at 6.47. A further resistance level may holdings at 6.59. The Relative Strength Index (RSI) on the 14-day chart is 38.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.09%. Stochastics%K at 38.04% indicates the stock is a holding.

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