Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. OneMain Holdings Inc shares valued at $115,200 were sold by Hedlund Michael A on Sep 17 ’24. At $48.00 per share, Hedlund Michael A sold 2,400 shares. The insider’s holdings dropped to 23,347 shares worth approximately $1.13 million following the completion of this transaction.
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Also, Hedlund Michael A sold 2,400 shares, netting a total of over 110,400 in proceeds. Following the sale of shares at $46.00 each, the insider now holds 25,747 shares.
Before that, Hedlund Michael A had added 2,400 shares to its account. In a trade valued at $115,200, the Officer bought OneMain Holdings Inc shares for $48.00 each.
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 9.93%. Over the course of the year, OneMain Holdings Inc shares have dropped approximately -1.91%. Shares of the company reached a 52-week high of $54.94 on 07/31/24 and a 52-week low of $41.70 on 09/10/24. A 50-day SMA is recorded $48.18, while a 200-day SMA reached $48.23. Nevertheless, trading volume fell to 1.45 million shares from 1.38 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 47.71, which, if violated, would cause prices to drop to 47.15. In the upper region, resistance lies at 48.94. The next price resistance is at 49.62. RSI (Relative Strength Index) is 55.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.38, which suggests the price will increase in the coming days. Percent R is at 20.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
