Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. OFG Bancorp shares valued at $464,018 were sold by Colon Jorge on Nov 06 ’24. At $46.40 per share, Colon Jorge sold 10,000 shares. The insider’s holdings dropped to 49,743 shares worth approximately $2.29 million following the completion of this transaction.
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Also, Colon Jorge sold 33,081 shares, netting a total of over 1,512,827 in proceeds. Following the sale of shares at $45.73 each, the insider now holds 70,919 shares.
Before that, Colon Jorge had sold 11,176 shares from its account. In a trade valued at $509,124, the Director traded OFG Bancorp shares for $45.56 each. Upon closing the transaction, the insider’s holdings decreased to 11,176 shares, worth approximately $2.75 million.
Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. Earlier on December 20, 2021, Hovde Group initiated its rating. Their recommendation was “an Outperform” for OFG stock.
Analyzing OFG Stock Performance
During the last five days, there has been a surge of approximately 5.87%. Over the course of the year, OFG Bancorp shares have jumped approximately 22.71%. Shares of the company reached a 52-week high of $47.66 on 11/25/24 and a 52-week low of $33.19 on 04/19/24. A 50-day SMA is recorded $43.06, while a 200-day SMA reached $39.82. Nevertheless, trading volume fell to 0.18 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for OFG Bancorp (OFG)
According to the 24-hour chart, there is a support level at 45.72, which, if violated, would cause prices to drop to 45.44. In the upper region, resistance lies at 46.45. The next price resistance is at 46.90. RSI (Relative Strength Index) is 61.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.58, which suggests the price will increase in the coming days. Percent R is at 32.87%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
