A company insider recently sold 1,923 shares of Option Care Health Inc. [OPCH]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Option Care Health Inc. shares valued at $64,171 were sold by Pate R Carter on Aug 01. At $33.37 per share, Pate R Carter sold 1,923 shares. The insider’s holdings dropped to 99,381 shares worth approximately $3.4 million following the completion of this transaction.


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Also, Pate R Carter sold 1,923 shares, netting a total of over 57,690 in proceeds. Following the sale of shares at $30.00 each, the insider now holds 101,304 shares.

Before that, Booker Harriet had sold 6,000 shares from its account. In a trade valued at $181,500, the CHIEF OPERATING OFFICER traded Option Care Health Inc. shares for $30.25 each. Upon closing the transaction, the insider’s holdings decreased to 6,000 shares, worth approximately $2.76 million.

As published in a research note from Goldman on July 19, 2021, Option Care Health Inc. [OPCH] has been rated up from a Neutral to a Buy and the price target has been revised to $25 from $20. This represents a -36.88% premium over Thursday’s closing price. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in late January. As of January 11, 2021, JP Morgan has initiated its “an Overweight” rating for OPCH. Earlier on December 15, 2020, Goldman initiated its rating. Their recommendation was “a Neutral” for OPCH stock.

Analyzing OPCH’s Price Performance

On Thursday, Option Care Health Inc. [NASDAQ: OPCH] plunged -1.53% to $34.22. The stock’s lowest price that day was $33.97, but it reached a high of $34.64 in the same session. During the last five days, there has been a surge of approximately 0.85%. Over the course of the year, Option Care Health Inc. shares have jumped approximately 20.32%. Shares of the company reached a 52-week high of $35.57 on 08/02/22 and a 52-week low of $21.32 on 01/24/22. A 50-day SMA is recorded $29.83, while a 200-day SMA reached $27.30. Nevertheless, trading volume fell to 1.86 million shares from 2.48 million shares the previous day.

Support And Resistance Levels for Option Care Health Inc. (OPCH)

According to the 24-hour chart, there is a support level at 33.91, which, if violated, would cause prices to drop to 33.61. In the upper region, resistance lies at 34.58. The next price resistance is at 34.95. RSI (Relative Strength Index) is 68.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 27.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Option Care Health Inc. subject to short interest?

Stocks of Option Care Health Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.2 million shares to 4.6 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.8 million shares. A decline of -26.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.55 of the overall float, the days-to-cover ratio (short ratio) decline to 3.55.

Which companies own the most shares of Option Care Health Inc. (OPCH)?

According to Fidelity Management & Research Co filings, the company currently owns 16,880,827 shares, which is about 9.38% of the total OPCH shares outstanding. The investor’s shares have appreciated by 1,771,214 from its previous 13-F filing of 15109613.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $417,012,683. The Vanguard Group, Inc. reduced a -0.25% interest valued at $380.96 million while T. Rowe Price Associates, Inc. sold a -341,273 stake. A total of 81,827 shares of Option Care Health Inc. were sold by Park West Asset Management LLC during the quarter, and 133,504 were bought by SSgA Funds Management, Inc. In its current portfolio, UBS Asset Management Switzerland holds 3,905,013 shares valued at $108.52 million.

In terms of Option Care Health Inc. share price expectations, FactSet research, analysts set an average price target of $38.00 in the next 12 months, up nearly 9.35% from the previous closing price of $34.75. Analysts anticipate Option Care Health Inc. stock to reach $45.00 by 2022, with the lowest price target being $31.00. In spite of this, 8 analysts ranked Option Care Health Inc. stock as a Buy at the end of 2022. On June 24, 2020, BofA/Merrill assigned a price target of “a Buy” to the stock and initiated coverage with a $18.

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