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. OFG Bancorp shares valued at $2,268,360 were sold by FERNANDEZ JOSE RAFAEL on Dec 05 ’24. At $45.37 per share, FERNANDEZ JOSE RAFAEL sold 50,000 shares. The insider’s holdings dropped to 234,775 shares worth approximately $10.35 million following the completion of this transaction.
Also, FERNANDEZ JOSE RAFAEL sold 50,000 shares, netting a total of over 2,262,120 in proceeds. Following the sale of shares at $45.24 each, the insider now holds 284,775 shares.
Before that, FERNANDEZ JOSE RAFAEL had added 50,000 shares to its account. In a trade valued at $2,250,500, the Officer bought OFG Bancorp shares for $45.01 each.
Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late July. Earlier on December 20, 2021, Hovde Group initiated its rating. Their recommendation was “an Outperform” for OFG stock.
Analyzing OFG Stock Performance
During the last five days, there has been a surge of approximately 3.01%. Over the course of the year, OFG Bancorp shares have jumped approximately 4.21%. Shares of the company reached a 52-week high of $45.96 on 01/22/25 and a 52-week low of $39.71 on 01/10/25. A 50-day SMA is recorded $43.68, while a 200-day SMA reached $41.09. Nevertheless, trading volume fell to 0.55 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for OFG Bancorp (OFG)
According to the 24-hour chart, there is a support level at 43.47, which, if violated, would cause prices to drop to 42.83. In the upper region, resistance lies at 45.35. The next price resistance is at 46.59. RSI (Relative Strength Index) is 56.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 29.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
