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The Attractiveness of Investing In SoFi Technologies Inc (SOFI) is Growing

SoFi Technologies Inc’s recent filing unveils that its EVP, GBUL, SIPS Keough Kelli unloaded Company’s shares for reported $74343.0 on Sep 23 ’24. In the deal valued at $7.99 per share,9,308 shares were sold. As a result of this transaction, Keough Kelli now holds 161,511 shares worth roughly $1.46 million.

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Then, Rishel Jeremy sold 68,081 shares, generating $552,818 in total proceeds. Upon selling the shares at $8.12, the Chief Technology Officer now owns 521,505 shares.

Before that, Kelli Allen Keough bought 28,206 shares. SoFi Technologies Inc shares valued at $227,058 were divested by the Affiliate at a price of $8.05 per share.

Keefe Bruyette also remained covering SOFI and has increased its forecast on April 05, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Needham started covering the stock on April 03, 2024. It rated SOFI as “a Buy”.

Price Performance Review of SOFI

On Friday, SoFi Technologies Inc [NASDAQ:SOFI] saw its stock jump 4.40% to $9.01. Over the last five days, the stock has gained 7.39%. SoFi Technologies Inc shares have fallen nearly -9.45% since the year began. Nevertheless, the stocks have risen 4.89% over the past one year. While a 52-week high of $10.49 was reached on 01/02/24, a 52-week low of $6.01 was recorded on 08/05/24. SMA at 50 days reached $7.53, while 200 days put it at $7.49.

Levels Of Support And Resistance For SOFI Stock

The 24-hour chart illustrates a support level at 8.74, which if violated will result in even more drops to 8.46. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 9.34. The Relative Strength Index (RSI) on the 14-day chart is 72.14, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.00%. Stochastics %K at 92.88% indicates the stock is a selling.

How much short interest is there in SoFi Technologies Inc?

A steep rise in short interest was recorded in SoFi Technologies Inc stocks on 2024-09-30, dropping by -8.33 million shares to a total of 181.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 189.47 million shares. There was a decline of -4.6%, which implies that there is a negative sentiment for the stock.

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