Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. SoFi Technologies Inc shares valued at $386,482,445 were sold by SLTA IV (GP), L.L.C. on Dec 04 ’24. At $16.03 per share, SLTA IV (GP), L.L.C. sold 24,105,908 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SLTA IV (GP), L.L.C. sold 5,289,704 shares, netting a total of over 84,109,962 in proceeds. Following the sale of shares at $15.90 each, the insider now holds 395,332 shares.
Before that, SLTA IV (GP), L.L.C. had sold 1,758,553 shares from its account. In a trade valued at $28,242,361, the Director traded SoFi Technologies Inc shares for $16.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,758,553 shares, worth approximately $7.54 million.
As of April 05, 2024, Keefe Bruyette has increased its “an Underperform” rating to a “Mkt perform” for SOFI. Earlier on April 03, 2024, Needham initiated its rating. Their recommendation was “a Buy” for SOFI stock.
Analyzing SOFI Stock Performance
During the last five days, there has been a drop of approximately -2.92%. Over the course of the year, SoFi Technologies Inc shares have jumped approximately 57.29%. Shares of the company reached a 52-week high of $16.61 on 12/02/24 and a 52-week low of $6.01 on 08/05/24. A 50-day SMA is recorded $11.71, while a 200-day SMA reached $8.36. Nevertheless, trading volume fell to 50.51 million shares from 39.09 million shares the previous day.
Support And Resistance Levels for SoFi Technologies Inc (SOFI)
According to the 24-hour chart, there is a support level at 15.45, which, if violated, would cause prices to drop to 15.24. In the upper region, resistance lies at 16.03. The next price resistance is at 16.40. RSI (Relative Strength Index) is 66.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.61, which suggests the price will decrease in the coming days. Percent R is at 27.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
