Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. OneMain Holdings Inc shares valued at $144,300 were sold by Hedlund Michael A on Jun 11 ’24. At $48.10 per share, Hedlund Michael A sold 3,000 shares. The insider’s holdings dropped to 28,147 shares worth approximately $1.48 million following the completion of this transaction.
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Also, Conrad Micah R. sold 7,500 shares, netting a total of over 379,730 in proceeds. Following the sale of shares at $50.63 each, the insider now holds 119,525 shares.
Before that, Shulman Douglas H. had sold 19,000 shares from its account. In a trade valued at $976,119, the President & CEO traded OneMain Holdings Inc shares for $51.37 each. Upon closing the transaction, the insider’s holdings decreased to 19,000 shares, worth approximately $23.67 million.
As published in their initiating research note from BTIG Research on June 07, 2024, OneMain Holdings Inc [OMF] has been a Neutral. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of January 17, 2024, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for OMF. Earlier on January 10, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for OMF stock.
Analyzing OMF Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, OneMain Holdings Inc shares have jumped approximately 6.61%. 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 $49.10, while a 200-day SMA reached $46.46. Nevertheless, trading volume fell to 0.73 million shares from 0.74 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 51.47, which, if violated, would cause prices to drop to 50.49. In the upper region, resistance lies at 53.32. The next price resistance is at 54.19. RSI (Relative Strength Index) is 62.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 12.01%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
