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Potential Price Increase for Capital One Financial Corp. (COF) After Recent Insider Activity

In a filing, Capital One Financial Corp. revealed its Chief Enterprise Srvcs Officer LaPrade,III Frank G. unloaded Company’s shares for reported $2.52 million on Oct 17 ’24. In the deal valued at $160.00 per share,15,751 shares were sold. As a result of this transaction, LaPrade,III Frank G. now holds 44,711 shares worth roughly $7.39 million.

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Then, FRANK LAPRADE III bought 15,751 shares, generating $2,520,160 in total proceeds.

Before that, Richard D. Fairbank bought 3,015 shares. Capital One Financial Corp. shares valued at $404,226 were divested by the Director and Officer at a price of $134.07 per share.

BTIG Research initiated its Capital One Financial Corp. [COF] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. Wolfe Research also remained covering COF and has increased its forecast on April 04, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Wolfe Research revised its rating on January 29, 2024. It rated COF as “a Peer perform” which previously was an “an Underperform”.

Price Performance Review of COF

On Monday, Capital One Financial Corp. [NYSE:COF] saw its stock jump 2.54% to $165.37. Over the last five days, the stock has gained 5.32%. Capital One Financial Corp. shares have risen nearly 26.12% since the year began. Nevertheless, the stocks have risen 84.75% over the past one year. While a 52-week high of $167.93 was reached on 10/25/24, a 52-week low of $89.08 was recorded on 01/18/24. SMA at 50 days reached $148.19, while 200 days put it at $141.26.

Levels Of Support And Resistance For COF Stock

The 24-hour chart illustrates a support level at 161.67, which if violated will result in even more drops to 157.97. On the upside, there is a resistance level at 167.49. A further resistance level may holdings at 169.61. The Relative Strength Index (RSI) on the 14-day chart is 69.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.69%. Stochastics %K at 62.25% indicates the stock is a holding.

How much short interest is there in Capital One Financial Corp.?

A steep rise in short interest was recorded in Capital One Financial Corp. stocks on 2024-10-15, growing by 1.25 million shares to a total of 10.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.02 million shares. There was a rise of 12.14%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 10, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $153 price target.

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