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. OneMain Holdings Inc shares valued at $1,083,800 were sold by Shulman Douglas H. on Nov 12 ’24. At $54.19 per share, Shulman Douglas H. sold 20,000 shares. The insider’s holdings dropped to 392,474 shares worth approximately $20.09 million following the completion of this transaction.
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Also, Shulman Douglas H. purchased 20,000 shares, netting a total of over 1,084,050 in proceeds.
Before that, Shulman Douglas H. had sold 5,000 shares from its account. In a trade valued at $265,000, the President & CEO traded OneMain Holdings Inc shares for $53.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $21.11 million.
As published in their initiating research note from Stephens on November 13, 2024, OneMain Holdings Inc [OMF] has been an Overweight and the price target has been revised to $62. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of June 07, 2024, BTIG Research has initiated its “Neutral” rating for OMF. Earlier on February 08, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for OMF stock which previously was a “an Overweight”.
Analyzing OMF Stock Performance
During the last five days, there has been a drop of approximately -7.98%. Over the course of the year, OneMain Holdings Inc shares have jumped approximately 4.02%. Shares of the company reached a 52-week high of $57.97 on 11/25/24 and a 52-week low of $41.70 on 09/10/24. A 50-day SMA is recorded $52.58, while a 200-day SMA reached $49.56. Nevertheless, trading volume fell to 0.82 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for OneMain Holdings Inc (OMF)
According to the 24-hour chart, there is a support level at 50.73, which, if violated, would cause prices to drop to 50.27. In the upper region, resistance lies at 52.08. The next price resistance is at 52.98. RSI (Relative Strength Index) is 32.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.28, which suggests the price will decrease in the coming days. Percent R is at 99.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
