Olo Inc’s recently made public that its Chief Operating Officer Lambert Joanna G unloaded Company’s shares for reported $0.14 million on Oct 02 ’24. In the deal valued at $4.80 per share,29,769 shares were sold. As a result of this transaction, Lambert Joanna G now holds 711,473 shares worth roughly $3.3 million.
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Then, Lambert Joanna G bought 29,769 shares, generating $142,762 in total proceeds.
Before that, Morvillo Robert sold 1,881 shares. Olo Inc shares valued at $9,223 were divested by the General Counsel and Secretary at a price of $4.90 per share. As a result of the transaction, Morvillo Robert now holds 83,430 shares, worth roughly $0.39 million.
Lake Street initiated its Olo Inc [OLO] rating to a Buy in a research note published on December 15, 2023; the price target was $7.50. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering OLO and has increased its forecast on July 20, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. BTIG Research started covering the stock on June 16, 2023. It rated OLO as “a Neutral”.
Price Performance Review of OLO
On Monday, Olo Inc [NYSE:OLO] saw its stock fall -2.32% to $4.64. Over the last five days, the stock has lost -6.45%. Olo Inc shares have fallen nearly -18.88% since the year began. Nevertheless, the stocks have fallen -20.27% over the past one year. While a 52-week high of $6.84 was reached on 02/22/24, a 52-week low of $4.20 was recorded on 07/10/24. SMA at 50 days reached $5.06, while 200 days put it at $5.06.
Levels Of Support And Resistance For OLO Stock
The 24-hour chart illustrates a support level at 4.57, which if violated will result in even more drops to 4.51. On the upside, there is a resistance level at 4.72. A further resistance level may holdings at 4.81. The Relative Strength Index (RSI) on the 14-day chart is 36.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.42%. Stochastics %K at 8.91% indicates the stock is a buying.
How much short interest is there in Olo Inc?
A steep rise in short interest was recorded in Olo Inc stocks on 2024-09-13, dropping by -0.41 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.16 million shares. There was a decline of -23.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 19, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8.50 price target.
