Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. SoFi Technologies Inc shares valued at $138,949 were sold by Keough Kelli on Dec 23 ’24. At $15.59 per share, Keough Kelli sold 8,914 shares. The insider’s holdings dropped to 187,725 shares worth approximately $3.01 million following the completion of this transaction.
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Also, Kelli Keough purchased 27,013 shares, netting a total of over 419,242 in proceeds.
Before that, Rishel Jeremy had sold 64,991 shares from its account. In a trade valued at $1,021,659, the Chief Technology Officer traded SoFi Technologies Inc shares for $15.72 each. Upon closing the transaction, the insider’s holdings decreased to 64,991 shares, worth approximately $9.4 million.
As published in a research note from BofA Securities on December 09, 2024, SoFi Technologies Inc [SOFI] has been rated down from a Neutral to an Underperform and the price target has been revised to $12. Earlier on April 05, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for SOFI stock which previously was a “an Underperform”.
Analyzing SOFI Stock Performance
During the last five days, there has been a drop of approximately -3.84%. Over the course of the year, SoFi Technologies Inc shares have jumped approximately 61.01%. Shares of the company reached a 52-week high of $17.19 on 12/18/24 and a 52-week low of $6.01 on 08/05/24. A 50-day SMA is recorded $13.66, while a 200-day SMA reached $8.86. Nevertheless, trading volume fell to 15.71 million shares from 33.85 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 15.72, which, if violated, would cause prices to drop to 15.41. In the upper region, resistance lies at 16.18. The next price resistance is at 16.33. RSI (Relative Strength Index) is 58.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 44.83%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.