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. Oportun Financial Corp shares valued at $28,938 were purchased by Daswani Mohit on Dec 13 ’24. At $3.90 per share, Daswani Mohit acquired 7,420 shares. The insider’s holdings grew to 41,924 shares worth approximately $0.16 million following the completion of this transaction.
Also, Minetti Carlos purchased 15,000 shares, netting a total of over 58,350 in proceeds. Following the buying of shares at $3.89 each, the insider now holds 49,504 shares.
Before that, Williams R Neil had added 25,000 shares to its account. In a trade valued at $96,750, the Director bought Oportun Financial Corp shares for $3.87 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $0.53 million.
As published in a research note from JMP Securities on March 15, 2024, Oportun Financial Corp [OPRT] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid March. As of October 17, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for OPRT. Earlier on June 29, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for OPRT stock.
Analyzing OPRT Stock Performance
During the last five days, there has been a drop of approximately -3.35%. Over the course of the year, Oportun Financial Corp shares have dropped approximately -3.35%. Shares of the company reached a 52-week high of $4.05 on 01/06/25 and a 52-week low of $3.61 on 01/08/25. A 50-day SMA is recorded $3.52, while a 200-day SMA reached $3.06. Nevertheless, trading volume fell to 0.12 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Oportun Financial Corp (OPRT)
According to the 24-hour chart, there is a support level at 3.64, which, if violated, would cause prices to drop to 3.53. In the upper region, resistance lies at 3.83. The next price resistance is at 3.90. RSI (Relative Strength Index) is 48.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 75.32%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
