Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SoFi Technologies Inc shares valued at $96,458 were sold by Keough Kelli on Oct 21 ’24. At $10.36 per share, Keough Kelli sold 9,308 shares. The insider’s holdings dropped to 152,203 shares worth approximately $1.8 million following the completion of this transaction.
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Also, Keough Kelli sold 9,308 shares, netting a total of over 74,343 in proceeds. Following the sale of shares at $7.99 each, the insider now holds 161,511 shares.
Before that, Rishel Jeremy had sold 68,081 shares from its account. In a trade valued at $552,818, the Chief Technology Officer traded SoFi Technologies Inc shares for $8.12 each. Upon closing the transaction, the insider’s holdings decreased to 68,081 shares, worth approximately $6.16 million.
As of April 05, 2024, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for SOFI. Earlier on April 03, 2024, Needham initiated its rating. Their recommendation was “a Buy” for SOFI stock.
Analyzing SOFI Stock Performance
During the last five days, there has been a surge of approximately 5.26%. Over the course of the year, SoFi Technologies Inc shares have jumped approximately 18.69%. Shares of the company reached a 52-week high of $12.19 on 11/06/24 and a 52-week low of $6.01 on 08/05/24. A 50-day SMA is recorded $8.89, while a 200-day SMA reached $7.70. Nevertheless, trading volume fell to 62.69 million shares from 53.86 million shares the previous day.
Support And Resistance Levels for SoFi Technologies Inc (SOFI)
According to the 24-hour chart, there is a support level at 11.56, which, if violated, would cause prices to drop to 11.31. In the upper region, resistance lies at 12.13. The next price resistance is at 12.44. RSI (Relative Strength Index) is 72.81 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 15.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
