The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. OneMain Holdings Inc shares valued at $265,000 were sold by Shulman Douglas H. on Oct 30 ’24. At $53.00 per share, Shulman Douglas H. sold 5,000 shares. The insider’s holdings dropped to 412,474 shares worth approximately $22.37 million following the completion of this transaction.
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Also, Conrad Micah R. sold 2,500 shares, netting a total of over 130,000 in proceeds. Following the sale of shares at $52.00 each, the insider now holds 102,239 shares.
Before that, Hedlund Michael A had sold 1,992 shares from its account. In a trade valued at $103,584, the pao, SVP and Group Controller traded OneMain Holdings Inc shares for $52.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,992 shares, worth approximately $1.03 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 surge of approximately 9.18%. Over the course of the year, OneMain Holdings Inc shares have jumped approximately 10.22%. Shares of the company reached a 52-week high of $55.23 on 11/07/24 and a 52-week low of $41.70 on 09/10/24. A 50-day SMA is recorded $47.41, while a 200-day SMA reached $48.32. Nevertheless, trading volume fell to 1.4 million shares from 2.23 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 53.41, which, if violated, would cause prices to drop to 52.59. In the upper region, resistance lies at 55.14. The next price resistance is at 56.05. RSI (Relative Strength Index) is 69.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.03, which suggests the price will increase in the coming days. Percent R is at 10.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
