Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SoFi Technologies Inc shares valued at $217,305 were purchased by Pinto Arun on Aug 15 ’24. At $6.79 per share, Pinto Arun acquired 32,006 shares.
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Also, Rishel Jeremy sold 56,273 shares, netting a total of over 360,710 in proceeds. Following the sale of shares at $6.41 each, the insider now holds 453,464 shares.
Before that, Noto Anthony had added 30,715 shares to its account. In a trade valued at $199,110, the Chief Executive Officer bought SoFi Technologies Inc shares for $6.48 each. Upon closing the transaction, the insider’s holdings increased to 30,715 shares, worth approximately $56.12 million.
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 surge of approximately 4.07%. Over the course of the year, SoFi Technologies Inc shares have dropped approximately -30.55%. Shares of the company reached a 52-week high of $9.81 on 01/02/24 and a 52-week low of $6.01 on 08/05/24. A 50-day SMA is recorded $6.85, while a 200-day SMA reached $7.52. Nevertheless, trading volume fell to 36.02 million shares from 22.58 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 6.75, which, if violated, would cause prices to drop to 6.58. In the upper region, resistance lies at 7.02. The next price resistance is at 7.12. RSI (Relative Strength Index) is 51.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 53.61%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
