In a filing, SoFi Technologies Inc revealed its Director SLTA IV (GP), L.L.C. unloaded Company’s shares for reported $386.48 million on Dec 04 ’24. In the deal valued at $16.03 per share,24,105,908 shares were sold. As a result of this transaction, SLTA IV (GP), L.L.C. now holds 0 shares worth roughly $0.0.
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Then, SLTA IV (GP), L.L.C. sold 5,289,704 shares, generating $84,109,962 in total proceeds. Upon selling the shares at $15.90, the Director now owns 395,332 shares.
Before that, SLTA IV (GP), L.L.C. sold 1,758,553 shares. SoFi Technologies Inc shares valued at $28,242,361 were divested by the Director at a price of $16.06 per share. As a result of the transaction, SLTA IV (GP), L.L.C. now holds 482,083 shares, worth roughly $7.51 million.
BofA Securities downgraded its SoFi Technologies Inc [SOFI] rating to an Underperform from a a Neutral in a research note published recently. Keefe Bruyette revised its rating on April 05, 2024. It rated SOFI as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of SOFI
On Monday, SoFi Technologies Inc [NASDAQ:SOFI] saw its stock fall -2.81% to $15.57. Over the last five days, the stock has lost -2.14%. SoFi Technologies Inc shares have risen nearly 56.48% since the year began. Nevertheless, the stocks have risen 95.60% over the past one year. While a 52-week high of $16.61 was reached on 12/02/24, a 52-week low of $6.01 was recorded on 08/05/24. SMA at 50 days reached $12.03, while 200 days put it at $8.44.
Levels Of Support And Resistance For SOFI Stock
The 24-hour chart illustrates a support level at 15.21, which if violated will result in even more drops to 14.86. On the upside, there is a resistance level at 15.94. A further resistance level may holdings at 16.32. The Relative Strength Index (RSI) on the 14-day chart is 63.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.37%. Stochastics %K at 72.45% indicates the stock is a holding.
How much short interest is there in SoFi Technologies Inc?
A steep rise in short interest was recorded in SoFi Technologies Inc stocks on 2024-11-15, dropping by -31.95 million shares to a total of 148.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 180.67 million shares. There was a decline of -21.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 03, 2024 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
