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OneSpan Inc [OSPN] Investment Appeal on the Rise

In a filing, OneSpan Inc revealed its Director McConnell Michael J acquired Company’s shares for reported $49150.0 on Mar 15 ’24. In the deal valued at $9.83 per share,5,000 shares were bought. As a result of this transaction, McConnell Michael J now holds 73,849 shares worth roughly $1.09 million.

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Then, Martell Jorge Garcia sold 5,000 shares, generating $50,460 in total proceeds. Upon selling the shares at $10.09, the Chief Financial Officer now owns 30,599 shares.

Before that, Zenner Marc bought 2,500 shares. OneSpan Inc shares valued at $24,716 were divested by the Director at a price of $9.89 per share. As a result of the transaction, Zenner Marc now holds 56,159 shares, worth roughly $0.83 million.

Rosenblatt initiated its OneSpan Inc [OSPN] rating to a Buy in a research note published on September 06, 2024; the price target was $20. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. DA Davidson also remained covering OSPN and has decreased its forecast on August 10, 2023 with a “Neutral” recommendation from previously “Buy” rating. Craig Hallum started covering the stock on February 02, 2022. It rated OSPN as “a Buy”.

Price Performance Review of OSPN

On Tuesday, OneSpan Inc [NASDAQ:OSPN] saw its stock fall -1.34% to $14.71. Over the last five days, the stock has lost -4.73%. OneSpan Inc shares have risen nearly 37.22% since the year began. Nevertheless, the stocks have risen 27.80% over the past one year. While a 52-week high of $16.41 was reached on 08/23/24, a 52-week low of $7.64 was recorded on 03/11/24. SMA at 50 days reached $14.48, while 200 days put it at $11.90.

Levels Of Support And Resistance For OSPN Stock

The 24-hour chart illustrates a support level at 14.60, which if violated will result in even more drops to 14.50. On the upside, there is a resistance level at 14.90. A further resistance level may holdings at 15.10. The Relative Strength Index (RSI) on the 14-day chart is 43.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.13%. Stochastics %K at 3.13% indicates the stock is a buying.

How much short interest is there in OneSpan Inc?

A steep rise in short interest was recorded in OneSpan Inc stocks on 2024-08-15, dropping by -0.48 million shares to a total of 1.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.79 million shares. There was a decline of -36.37%, which implies that there is a negative sentiment for the stock.

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