Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. OneMain Holdings Inc shares valued at $120,000 were sold by Hedlund Michael A on Sep 19 ’24. At $50.00 per share, Hedlund Michael A sold 2,400 shares. The insider’s holdings dropped to 20,947 shares worth approximately $0.97 million following the completion of this transaction.
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Also, Conrad Micah R. sold 886 shares, netting a total of over 44,300 in proceeds. Following the sale of shares at $50.00 each, the insider now holds 104,739 shares.
Before that, Shulman Douglas H. had sold 5,000 shares from its account. In a trade valued at $250,000, the President & CEO traded OneMain Holdings Inc shares for $50.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $19.41 million.
As published in a research note from Barclays on October 08, 2024, OneMain Holdings Inc [OMF] has been rated down from an Overweight to an Equal weight and the price target has been revised to $46 from $52. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of February 08, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for OMF. Earlier on January 17, 2024, Northland Capital downgraded its rating. Their new recommendation was “a Market perform” for OMF stock which previously was a “an Outperform”.
Analyzing OMF Stock Performance
During the last five days, there has been a drop of approximately -2.62%. Over the course of the year, OneMain Holdings Inc shares have dropped approximately -5.49%. 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 $46.90, while a 200-day SMA reached $48.15. Nevertheless, trading volume fell to 0.76 million shares from 0.62 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 45.98, which, if violated, would cause prices to drop to 45.47. In the upper region, resistance lies at 46.98. The next price resistance is at 47.47. RSI (Relative Strength Index) is 48.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 61.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
