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. Olaplex Holdings Inc. shares valued at $295,600 were purchased by Tiziani Eric on Mar 10. At $14.78 per share, Tiziani Eric acquired 20,000 shares. The insider’s holdings grew to 20,000 shares worth approximately $0.31 million following the completion of this transaction.
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Also, MORFITT MARTHA A M purchased 9,000 shares, netting a total of over 233,910 in proceeds. Following the buying of shares at $25.99 each, the insider now holds 33,000 shares.
Before that, MORFITT MARTHA A M had added 24,000 shares to its account. In a trade valued at $623,280, the Director bought Olaplex Holdings Inc. shares for $25.97 each. Upon closing the transaction, the insider’s holdings increased to 24,000 shares, worth approximately $0.38 million.
As published in a research note from Barclays on August 03, 2022, Olaplex Holdings Inc. [OLPX] has been rated down from an Overweight to an Equal weight and the price target has been revised to $16. This represents a 2.12% premium over Thursday’s closing price. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early March. As of February 23, 2022, Jefferies has increased its “Hold” rating to a “Buy” for OLPX. Earlier on November 08, 2021, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for OLPX stock which previously was a “an Equal-weight”.
Analyzing OLPX’s Price Performance
On Thursday, Olaplex Holdings Inc. [NASDAQ: OLPX] plunged -6.73% to $15.66. The stock’s lowest price that day was $15.42, but it reached a high of $17.40 in the same session. During the last five days, there has been a drop of approximately -8.90%. Over the course of the year, Olaplex Holdings Inc. shares have dropped approximately -46.24%. A 50-day SMA is recorded $15.65, while a 200-day SMA reached $19.43. Nevertheless, trading volume fell to 4.31 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Olaplex Holdings Inc. (OLPX)
According to the 24-hour chart, there is a support level at 14.92, which, if violated, would cause prices to drop to 14.18. In the upper region, resistance lies at 16.90. The next price resistance is at 18.14. RSI (Relative Strength Index) is 45.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.46, which suggests the price will decrease in the coming days. Percent R is at 91.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Olaplex Holdings Inc. subject to short interest?
Stocks of Olaplex Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.09 million shares to 23.85 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.76 million shares. A jump of 8.76% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 12.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 12.96.
Which companies own the most shares of Olaplex Holdings Inc. (OLPX)?
According to Mousse Partners Ltd. filings, the company currently owns 38,136,163 shares, which is about 5.88% of the total OLPX shares outstanding. The investor’s shares have plunged by 0 from its previous 13-F filing of 38136163.0 shares. With the completion of the buy transaction, T. Rowe Price Associates, Inc.’s stake is now worth $158,821,029. Fidelity Management & Research Co reduced a -4.33% interest valued at $120.08 million while Norges Bank Investment Management 7,730,975 stake. In its current portfolio, Janus Henderson Investors US LLC holds 4,806,689 shares valued at $67.73 million.
In terms of Olaplex Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $23.75 in the next 12 months, up nearly 39.96% from the previous closing price of $16.79. Analysts anticipate Olaplex Holdings Inc. stock to reach $40.00 by 2022, with the lowest price target being $16.00. In spite of this, 12 analysts ranked Olaplex Holdings Inc. stock as a Buy at the end of 2022. On October 25, 2021, Truist assigned a price target of “a Buy” to the stock and initiated coverage with a $35.