Monitoring Option Care Health Inc. (OPCH) after recent insider movements


Option Care Health Inc.’s recently made public that its 10% Owner Walgreens Boots Alliance, Inc. unloaded Company’s shares for reported $468.9 million on Mar 01. In the deal valued at $30.30 per share,15,475,166 shares were sold. As a result of this transaction, Walgreens Boots Alliance, Inc. now holds 10,771,926 shares worth roughly $ 329.94 million.

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Then, Pate R Carter sold 1,928 shares, generating $61,638 in total proceeds. Upon selling the shares at $31.97, the Director now owns 95,530 shares.

Before that, Pate R Carter sold 1,923 shares. Option Care Health Inc. shares valued at $58,940 were divested by the Director at a price of $30.65 per share. As a result of the transaction, Pate R Carter now holds 97,458 shares, worth roughly $2.99 million.

PT values the company’s stock at a premium of 19.39 to its Friday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “a Buy”. Deutsche Bank began covering OPCH with “Buy” recommendation on January 22, 2021. JP Morgan started covering the stock on January 11, 2021. It rated OPCH as “an Overweight”.

Price Performance Review of OPCH

On Friday, Option Care Health Inc. [NASDAQ:OPCH] saw its stock fall -3.44% to $30.63. On the same session, the stock had its day’s lowest price of $30.51, but rose to a high of $31.63. Over the last five days, the stock has lost -7.66%. Option Care Health Inc. shares have risen nearly 1.79% since the year began. Nevertheless, the stocks have risen 17.09% over the past one year. While a 52-week high of $35.87 was reached on 03/03/23, a 52-week low of $24.57 was recorded on 01/23/23. SMA at 50 days reached $29.55, while 200 days put it at $30.64. A total of 1.26 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For OPCH Stock

The 24-hour chart illustrates a support level at 30.22, which if violated will result in even more drops to 29.80. On the upside, there is a resistance level at 31.34. A further resistance level may holdings at 32.04. The Relative Strength Index (RSI) on the 14-day chart is 50.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.42%. Stochastics %K at 62.18% indicates the stock is a holding.

How much short interest is there in Option Care Health Inc.?

A steep rise in short interest was recorded in Option Care Health Inc. stocks on Jan 12, 2023, growing by 0.47 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.79 million shares. There was a rise of 14.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.26% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.57.

Option Care Health Inc. [OPCH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 17,021,864 shares, or roughly 9.36% of the outstanding OPCH shares. In other words, the investor’s shares have risen by 2,686,450 from its previous 13-F filing of 14335414.0. Additionally, The Vanguard Group, Inc. increased 1.61% of its stake after which the total value it holdings stand at $463,378,370, while Fidelity Management & Research Co reduced -7.78% of its stake to hold $424.53 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme sold -2,691,826 shares of Option Care Health Inc., while SSgA Funds Management, Inc. sold 114,930 shares. At present, Park West Asset Management LLC is holding 4,302,252 shares valued at $131.95 million. UBS Asset Management Switzerland owned 3,097,672 shares of the company at the time of its most recent 13F filing, worth $95.01 million.

According to FactSet, Option Care Health Inc.’s share price will average $39.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 22.95 percent from its previous closing price of $31.72. Analysts expect Option Care Health Inc. stock to reach the higher price of $41.00, while the lowest price estimate is $38.00. However, 8 analysts have rated OPCH stock as a Buy in their predictions for 2023. The most recent change occurred on December 15, 2020 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $18 price target.


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