OneMain Holdings Inc’s recent filing unveils that its Officer Hedlund Michael A acquired Company’s shares for reported $0.11 million on Sep 16 ’24. In the deal valued at $46.00 per share,2,400 shares were bought.
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Then, Conrad Micah R. sold 1,614 shares, generating $80,700 in total proceeds. Upon selling the shares at $50.00, the EVP & COO now owns 110,411 shares.
Before that, Conrad Micah R. sold 2,500 shares. OneMain Holdings Inc shares valued at $120,000 were divested by the EVP & COO at a price of $48.00 per share. As a result of the transaction, Conrad Micah R. now holds 112,025 shares, worth roughly $5.27 million.
BTIG Research initiated its OneMain Holdings Inc [OMF] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early February from “an Overweight” to “a Neutral”. Northland Capital also remained covering OMF and has decreased its forecast on January 17, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated OMF as “a Buy”.
Price Performance Review of OMF
On Monday, OneMain Holdings Inc [NYSE:OMF] saw its stock jump 2.71% to $47.02. Over the last five days, the stock has gained 6.96%. OneMain Holdings Inc shares have fallen nearly -4.43% since the year began. Nevertheless, the stocks have risen 14.40% over the past one year. While a 52-week high of $54.94 was reached on 07/31/24, a 52-week low of $35.00 was recorded on 09/10/24. SMA at 50 days reached $48.14, while 200 days put it at $48.17.
Levels Of Support And Resistance For OMF Stock
The 24-hour chart illustrates a support level at 46.14, which if violated will result in even more drops to 45.25. On the upside, there is a resistance level at 47.56. A further resistance level may holdings at 48.09. The Relative Strength Index (RSI) on the 14-day chart is 51.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.90%. Stochastics %K at 48.55% indicates the stock is a holding.
How much short interest is there in OneMain Holdings Inc?
A steep rise in short interest was recorded in OneMain Holdings Inc stocks on 2024-08-30, dropping by 75501.0 shares to a total of 4.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.26 million shares. There was a decline of -1.8%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $51 price target.
