OneMain Holdings Inc’s recent filing unveils that its President & CEO Shulman Douglas H. unloaded Company’s shares for reported $0.27 million on Oct 30 ’24. In the deal valued at $53.00 per share,5,000 shares were sold. As a result of this transaction, Shulman Douglas H. now holds 412,474 shares worth roughly $23.02 million.
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Then, Conrad Micah R. sold 2,500 shares, generating $130,000 in total proceeds. Upon selling the shares at $52.00, the EVP & COO now owns 102,239 shares.
Before that, Hedlund Michael A sold 1,992 shares. OneMain Holdings Inc shares valued at $103,584 were divested by the pao, SVP and Group Controller at a price of $52.00 per share. As a result of the transaction, Hedlund Michael A now holds 18,955 shares, worth roughly $1.06 million.
Barclays downgraded its OneMain Holdings Inc [OMF] rating to an Equal weight from a an Overweight in a research note published on October 08, 2024; the price target was decreased to $46 from $52. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering OMF and has decreased its forecast on February 08, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Northland Capital revised its rating on January 17, 2024. It rated OMF as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of OMF
On Monday, OneMain Holdings Inc [NYSE:OMF] saw its stock jump 1.45% to $55.81. Over the last five days, the stock has gained 11.33%. OneMain Holdings Inc shares have risen nearly 13.43% since the year began. Nevertheless, the stocks have risen 51.29% over the past one year. While a 52-week high of $55.40 was reached on 11/11/24, a 52-week low of $36.52 was recorded on 09/10/24. SMA at 50 days reached $47.66, while 200 days put it at $48.39.
Levels Of Support And Resistance For OMF Stock
The 24-hour chart illustrates a support level at 55.29, which if violated will result in even more drops to 54.76. On the upside, there is a resistance level at 56.31. A further resistance level may holdings at 56.80. The Relative Strength Index (RSI) on the 14-day chart is 72.64, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.43%. Stochastics %K at 93.72% indicates the stock is a selling.
How much short interest is there in OneMain Holdings Inc?
A steep rise in short interest was recorded in OneMain Holdings Inc stocks on 2024-10-15, growing by 0.52 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.67 million shares. There was a rise of 10.05%, 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 Buy”‘ rating along with a $68 price target.
