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. NewtekOne Inc shares valued at $44,250 were purchased by SLOANE BARRY on Nov 26 ’24. At $14.75 per share, SLOANE BARRY acquired 3,000 shares. The insider’s holdings grew to 1,161,855 shares worth approximately $16.73 million following the completion of this transaction.
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Also, Zink Gregory L purchased 1,000 shares, netting a total of over 13,949 in proceeds. Following the buying of shares at $13.95 each, the insider now holds 33,017 shares.
Before that, SLOANE BARRY had added 40,134 shares to its account. In a trade valued at $471,560, the Chairman & CEO bought NewtekOne Inc shares for $11.75 each. Upon closing the transaction, the insider’s holdings increased to 40,134 shares, worth approximately $17.1 million.
As published in a research note from B. Riley Securities on September 04, 2024, NewtekOne Inc [NEWT] has been rated down from a Buy to a Neutral and the price target has been revised to $13 from $16. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of February 22, 2023, Piper Sandler has initiated its “Neutral” rating for NEWT. Earlier on August 08, 2022, Raymond James upgraded its rating. Their new recommendation was “a Mkt perform” for NEWT stock which previously was a “an Underperform”.
Analyzing NEWT Stock Performance
During the last five days, there has been a surge of approximately 4.35%. Over the course of the year, NewtekOne Inc shares have jumped approximately 4.35%. Shares of the company reached a 52-week high of $15.49 on 11/11/24 and a 52-week low of $10.07 on 03/20/24. A 50-day SMA is recorded $13.30, while a 200-day SMA reached $12.51.
Support And Resistance Levels for NewtekOne Inc (NEWT)
According to the 24-hour chart, there is a support level at 14.28, which, if violated, would cause prices to drop to 14.17. In the upper region, resistance lies at 14.62. The next price resistance is at 14.85. RSI (Relative Strength Index) is 56.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 54.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
