In a filing, Olo Inc revealed its Director Washington Zuhairah Scott acquired Company’s shares for reported $68956.0 on Nov 12 ’24. In the deal valued at $6.66 per share,10,353 shares were bought.
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Then, Lambert Joanna G sold 29,769 shares, generating $142,763 in total proceeds. Upon selling the shares at $4.80, the Chief Operating Officer now owns 711,473 shares.
Before that, Lambert Joanna G bought 29,769 shares. Olo Inc shares valued at $142,762 were divested by the Officer at a price of $4.80 per share.
Lake Street initiated its Olo Inc [OLO] rating to a Buy in a research note published on December 15, 2023; the price target was $7.50. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. Piper Sandler also remained covering OLO and has increased its forecast on July 20, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. BTIG Research started covering the stock on June 16, 2023. It rated OLO as “a Neutral”.
Price Performance Review of OLO
On Tuesday, Olo Inc [NYSE:OLO] saw its stock jump 10.58% to $6.90. Over the last five days, the stock has gained 30.19%. Olo Inc shares have risen nearly 20.63% since the year began. Nevertheless, the stocks have risen 46.19% over the past one year. While a 52-week high of $6.84 was reached on 11/12/24, a 52-week low of $4.20 was recorded on 07/10/24. SMA at 50 days reached $5.04, while 200 days put it at $5.04.
Levels Of Support And Resistance For OLO Stock
The 24-hour chart illustrates a support level at 6.39, which if violated will result in even more drops to 5.87. On the upside, there is a resistance level at 7.23. A further resistance level may holdings at 7.55. The Relative Strength Index (RSI) on the 14-day chart is 87.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.39%. Stochastics %K at 89.17% indicates the stock is a selling.
How much short interest is there in Olo Inc?
A steep rise in short interest was recorded in Olo Inc stocks on 2024-10-31, growing by 37846.0 shares to a total of 1.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.8 million shares. There was a rise of 2.06%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 19, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8.50 price target.
