Option Care Health Inc.’s recent filing unveils that its Director Pate R Carter acquired Company’s shares for reported $50279.0 on Aug 17. In the deal valued at $34.32 per share,1,465 shares were bought. As a result of this transaction, Pate R Carter now holds 106,112 shares worth roughly $ 3.67 million.
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Then, Smyser Collin bought 2,500 shares, generating $86,725 in total proceeds. Upon buying the shares at $34.69, the GC & Corporate Secretary now owns 2,500 shares.
Before that, KRAEMER HARRY M JANSEN JR bought 55,000 shares. Option Care Health Inc. shares valued at $1,904,518 were divested by the Director at a price of $34.63 per share. As a result of the transaction, KRAEMER HARRY M JANSEN JR now holds 234,528 shares, worth roughly $8.11 million.
PT values the company’s stock at a premium of 9.03 to its Friday closing price.
Price Performance Review of OPCH
On Friday, Option Care Health Inc. [NASDAQ:OPCH] saw its stock fall -0.75% to $34.57. On the same session, the stock had its day’s lowest price of $34.53, but rose to a high of $35.23. Over the last five days, the stock has lost -1.26%. Option Care Health Inc. shares have risen nearly 14.89% since the year began. Nevertheless, the stocks have risen 11.66% over the past one year. While a 52-week high of $35.87 was reached on 08/16/23, a 52-week low of $24.23 was recorded on 05/04/23. SMA at 50 days reached $33.36, while 200 days put it at $30.78. A total of 1.32 million shares were traded, compared to the trading of 1.81 million shares in the previous session.
Levels Of Support And Resistance For OPCH Stock
The 24-hour chart illustrates a support level at 34.32, which if violated will result in even more drops to 34.08. On the upside, there is a resistance level at 35.02. A further resistance level may holdings at 35.48. The Relative Strength Index (RSI) on the 14-day chart is 53.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.59%. Stochastics %K at 53.08% 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 Aug 14, 2023, dropping by -0.49 million shares to a total of 3.53 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.02 million shares. There was a decline of -13.88%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.21% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.44.
Option Care Health Inc. [OPCH] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 18,103,957 shares, or roughly 10.07% of the outstanding OPCH shares. In other words, the investor’s shares have fallen by -194,338 from its previous 13-F filing of 18298295.0. Additionally, The Vanguard Group, Inc. increased 4.58% of its stake after which the total value it holdings stand at $567,573,553, while SSgA Funds Management, Inc. added 0.96% of its stake to hold $185.69 million in the firm. Over the last quarter, Millennium Management LLC purchased 1,538,897 shares of Option Care Health Inc., while TOMS Capital Investment Managemen bought 4,391,400 shares. At present, Duquesne Family Office LLC is holding 4,391,174 shares valued at $148.33 million. T. Rowe Price Investment Manageme owned 4,168,471 shares of the company at the time of its most recent 13F filing, worth $140.81 million.
According to FactSet, Option Care Health Inc.’s share price will average $41.43 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.71 percent from its previous closing price of $34.83. Analysts expect Option Care Health Inc. stock to reach the higher price of $46.00, while the lowest price estimate is $39.00. However, 8 analysts have rated OPCH stock as a Buy in their predictions for 2023.