The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. SoFi Technologies Inc shares valued at $360,710 were sold by Rishel Jeremy on Jun 20 ’24. At $6.41 per share, Rishel Jeremy sold 56,273 shares. The insider’s holdings dropped to 453,464 shares worth approximately $3.25 million following the completion of this transaction.
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Also, Noto Anthony purchased 30,715 shares, netting a total of over 199,110 in proceeds. Following the buying of shares at $6.48 each, the insider now holds 8,121,844 shares.
Before that, Qatar Investment Authority had sold 19,840,073 shares from its account. In a trade valued at $134,515,695, the Director by deputization traded SoFi Technologies Inc shares for $6.78 each. Upon closing the transaction, the insider’s holdings decreased to 19,840,073 shares, worth approximately $0.0.
As of April 05, 2024, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for SOFI. Earlier on April 03, 2024, Needham initiated its rating. Their recommendation was “a Buy” for SOFI stock.
Analyzing SOFI Stock Performance
During the last five days, there has been a drop of approximately -1.51%. Over the course of the year, SoFi Technologies Inc shares have dropped approximately -28.04%. Shares of the company reached a 52-week high of $9.81 on 01/02/24 and a 52-week low of $6.15 on 07/09/24. A 50-day SMA is recorded $6.91, while a 200-day SMA reached $7.56. Nevertheless, trading volume fell to 49.7 million shares from 66.17 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 6.93, which, if violated, would cause prices to drop to 6.71. In the upper region, resistance lies at 7.52. The next price resistance is at 7.89. RSI (Relative Strength Index) is 50.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 84.91%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
