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 $5.17 million.
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 $4.07 million.
Piper Sandler downgraded its Olo Inc [OLO] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. William Blair also remained covering OLO and has decreased its forecast on November 07, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Piper Sandler revised its rating on July 20, 2023. It rated OLO as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of OLO
On Tuesday, Olo Inc [NYSE:OLO] saw its stock jump 3.74% to $7.48. Over the last five days, the stock has lost -7.20%. Olo Inc shares have fallen nearly -2.60% since the year began. Nevertheless, the stocks have risen 46.38% over the past one year. While a 52-week high of $8.35 was reached on 01/06/25, a 52-week low of $4.20 was recorded on 01/13/25. SMA at 50 days reached $7.07, while 200 days put it at $5.41.
Levels Of Support And Resistance For OLO Stock
The 24-hour chart illustrates a support level at 7.30, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 7.58. A further resistance level may holdings at 7.69. The Relative Strength Index (RSI) on the 14-day chart is 50.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.93%. Stochastics %K at 17.84% indicates the stock is a buying.
How much short interest is there in Olo Inc?
A steep rise in short interest was recorded in Olo Inc stocks on 2024-12-31, growing by 0.81 million shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.56 million shares. There was a rise of 24.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 16, 2023 when BTIG Research began covering the stock and recommended ‘”a Neutral”‘ rating .
