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. Olo Inc shares valued at $186,025 were sold by Lambert Joanna G on Dec 06 ’24. At $7.33 per share, Lambert Joanna G sold 25,372 shares. The insider’s holdings dropped to 690,778 shares worth approximately $5.39 million following the completion of this transaction.
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Also, Manning Sherri sold 4,162 shares, netting a total of over 30,516 in proceeds. Following the sale of shares at $7.33 each, the insider now holds 241,923 shares.
Before that, Benevides Peter J. had sold 16,745 shares from its account. In a trade valued at $122,769, the Chief Financial Officer traded Olo Inc shares for $7.33 each. Upon closing the transaction, the insider’s holdings decreased to 16,745 shares, worth approximately $4.25 million.
As published in their initiating research note from Lake Street on December 15, 2023, Olo Inc [OLO] has been a Buy and the price target has been revised to $7.50. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early November. As of July 20, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for OLO. Earlier on June 16, 2023, BTIG Research initiated its rating. Their recommendation was “a Neutral” for OLO stock.
Analyzing OLO Stock Performance
During the last five days, there has been a surge of approximately 3.44%. Over the course of the year, Olo Inc shares have jumped approximately 36.54%. Shares of the company reached a 52-week high of $8.18 on 12/18/24 and a 52-week low of $4.20 on 07/10/24. A 50-day SMA is recorded $6.49, while a 200-day SMA reached $5.28. Nevertheless, trading volume fell to 0.56 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Olo Inc (OLO)
According to the 24-hour chart, there is a support level at 7.68, which, if violated, would cause prices to drop to 7.56. In the upper region, resistance lies at 7.90. The next price resistance is at 8.00. RSI (Relative Strength Index) is 62.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 35.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
