Saturday, June 25, 2022

The Potential Rise in the Price of Olaplex Holdings Inc. (OLPX) following insiders activity

Olaplex Holdings Inc.’s recently made public that its Chief Financial Officer Tiziani Eric acquired Company’s shares for reported $0.3 million on Mar 10. In the deal valued at $14.78 per share,20,000 shares were bought. As a result of this transaction, Tiziani Eric now holds 20,000 shares worth roughly $ 0.28 million.

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Then, MORFITT MARTHA A M bought 9,000 shares, generating $233,910 in total proceeds. Upon buying the shares at $25.99, the Director now owns 33,000 shares.

Before that, MORFITT MARTHA A M bought 24,000 shares. Olaplex Holdings Inc. shares valued at $623,280 were divested by the Director at a price of $25.97 per share. As a result of the transaction, MORFITT MARTHA A M now holds 24,000 shares, worth roughly $0.33 million.

Taking this into account, Barclays upgraded its Olaplex Holdings Inc. [OLPX] rating to an Overweight from a an Equal weight in a research note published on Tuesday, March 09, 2022; the price target was decreased to $17 from $29. PT values the company’s stock at a premium of 18.18 to its Tuesday closing price. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late February from “a Hold” to “a Buy”. Morgan Stanley also remained covering OLPX and has increased its forecast on November 08, 2021 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Truist started covering the stock on October 25, 2021. It rated OLPX as “a Buy”.

Price Performance Review of OLPX

On Tuesday, Olaplex Holdings Inc. [NASDAQ:OLPX] saw its stock fall -0.71% to $13.91. On the same session, the stock had its day’s lowest price of $13.79, but rose to a high of $14.4144. Over the last five days, the stock has lost -0.78%. Olaplex Holdings Inc. shares have fallen nearly -52.25% since the year began. A total of 2.08 million shares were traded, compared to the trading of 2.71 million shares in the previous session.

Levels Of Support And Resistance For OLPX Stock

The 24-hour chart illustrates a support level at 13.66, which if violated will result in even more drops to 13.41. On the upside, there is a resistance level at 14.29. A further resistance level may holdings at 14.66. The Relative Strength Index (RSI) on the 14-day chart is 44.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.00%. Stochastics %K at 23.91% indicates the stock is a holding.

Olaplex Holdings Inc. [OLPX] – Who Are The Largest Shareholders?

At present, Citadel Advisors LLC is holding 5,393,702 shares valued at $86.95 million. Janus Henderson Investors US LLC owned 4,806,689 shares of the company at the time of its most recent 13F filing, worth $77.48 million.

However, 12 analysts have rated OLPX stock as a Buy in their predictions for 2022. The most recent change occurred on October 25, 2021 when Telsey Advisory Group began covering the stock and recommended ‘”an Outperform”‘ rating along with a $34 price target.

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