Taking a look at what insiders are doing to gauge the Option Care Health Inc. (OPCH)’s direction

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. Option Care Health Inc. shares valued at $58,940 were sold by Pate R Carter on Sep 01. At $30.65 per share, Pate R Carter sold 1,923 shares. The insider’s holdings dropped to 97,458 shares worth approximately $3.04 million following the completion of this transaction.


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Also, Walgreens Boots Alliance, Inc. sold 11,000,000 shares, netting a total of over 363,110,000 in proceeds. Following the sale of shares at $33.01 each, the insider now holds 26,247,092 shares.

Before that, Pate R Carter had sold 1,923 shares from its account. In a trade valued at $64,171, the Director traded Option Care Health Inc. shares for $33.37 each. Upon closing the transaction, the insider’s holdings decreased to 1,923 shares, worth approximately $3.1 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 -24.64% premium over Wednesday’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 Wednesday, Option Care Health Inc. [NASDAQ: OPCH] rose 0.19% to $31.16. The stock’s lowest price that day was $31.12, but it reached a high of $32.20 in the same session. During the last five days, there has been a drop of approximately -4.88%. Over the course of the year, Option Care Health Inc. shares have jumped approximately 9.56%. 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 $32.59, while a 200-day SMA reached $28.31. Nevertheless, trading volume fell to 1.15 million shares from 0.82 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 30.79, which, if violated, would cause prices to drop to 30.41. In the upper region, resistance lies at 31.87. The next price resistance is at 32.57. RSI (Relative Strength Index) is 41.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.81, which suggests the price will decrease in the coming days. Percent R is at 68.06%, indicating low price movement. Stochastics %K at holding 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 16,829,898 shares, which is about 9.25% of the total OPCH shares outstanding. The investor’s shares have plunged by -50,929 from its previous 13-F filing of 16880827.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $443,824,417. The Vanguard Group, Inc. acquire a 0.30% interest valued at $425.68 million while T. Rowe Price Associates, Inc. sold a -323,712 stake. A total of -1,026,626 shares of Option Care Health Inc. were sold by Park West Asset Management LLC during the quarter, and -63,421 were sold by SSgA Funds Management, Inc. In its current portfolio, Marshall Wace LLP holds 3,933,573 shares valued at $121.78 million.

In terms of Option Care Health Inc. share price expectations, FactSet research, analysts set an average price target of $38.33 in the next 12 months, up nearly 23.79% from the previous closing price of $31.10. Analysts anticipate Option Care Health Inc. stock to reach $40.00 by 2022, with the lowest price target being $37.00. In spite of this, 7 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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