In a filing, Olo Inc revealed its Chief Operating Officer Lambert Joanna G unloaded Company’s shares for reported $0.19 million on Dec 06 ’24. In the deal valued at $7.33 per share,25,372 shares were sold. As a result of this transaction, Lambert Joanna G now holds 690,778 shares worth roughly $5.26 million.
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Then, Manning Sherri sold 4,162 shares, generating $30,516 in total proceeds. Upon selling the shares at $7.33, the Chief People Officer now owns 241,923 shares.
Before that, Benevides Peter J. sold 16,745 shares. Olo Inc shares valued at $122,769 were divested by the Chief Financial Officer at a price of $7.33 per share. As a result of the transaction, Benevides Peter J. now holds 544,343 shares, worth roughly $4.15 million.
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 2.01% to $7.62. Over the last five days, the stock has gained 5.25%. Olo Inc shares have risen nearly 33.22% since the year began. Nevertheless, the stocks have risen 33.22% over the past one year. While a 52-week high of $7.71 was reached on 12/10/24, a 52-week low of $4.20 was recorded on 07/10/24. SMA at 50 days reached $5.84, while 200 days put it at $5.17.
Levels Of Support And Resistance For OLO Stock
The 24-hour chart illustrates a support level at 7.39, which if violated will result in even more drops to 7.17. On the upside, there is a resistance level at 7.80. A further resistance level may holdings at 7.99. The Relative Strength Index (RSI) on the 14-day chart is 73.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.33%. Stochastics %K at 89.73% 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 2024-11-29, growing by 0.73 million shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.83 million shares. There was a rise of 28.45%, 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.
