Recent Insider Activity Could Benefit Orion S.A. (OEC)


Orion S.A.’s filing revealed that its Chief Executive Officer Painter Corning F. acquired Company’s shares for reported $0.32 million on Aug 18. In the deal valued at $21.59 per share,15,000 shares were bought. As a result of this transaction, Painter Corning F. now holds 771,708 shares worth roughly $ 18.12 million.

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Then, Glajch Jeffrey bought 10,000 shares, generating $238,185 in total proceeds. Upon buying the shares at $23.82, the Chief Financial Officer now owns 60,666 shares.

Before that, Quinones Carlos bought 3,800 shares. Orion S.A. shares valued at $91,124 were divested by the Sr. VP Global Operations at a price of $23.98 per share. As a result of the transaction, Quinones Carlos now holds 52,335 shares, worth roughly $1.23 million.

JP Morgan downgraded its Orion S.A. [OEC] rating to a Neutral from a an Overweight in a research note published on Friday. PT values the company’s stock at a premium of 9.69 to its Friday closing price.

Price Performance Review of OEC

On Friday, Orion S.A. [NYSE:OEC] saw its stock jump 3.80% to $23.48. On the same session, the stock had its day’s lowest price of $22.87, but rose to a high of $23.53. Over the last five days, the stock has gained 7.07%. Orion S.A. shares have risen nearly 31.84% since the year began. Nevertheless, the stocks have risen 39.26% over the past one year. While a 52-week high of $26.91 was reached on 03/03/23, a 52-week low of $12.87 was recorded on 01/03/23. SMA at 50 days reached $21.69, while 200 days put it at $22.19. A total of 0.68 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For OEC Stock

The 24-hour chart illustrates a support level at 23.06, which if violated will result in even more drops to 22.63. On the upside, there is a resistance level at 23.72. A further resistance level may holdings at 23.95. The Relative Strength Index (RSI) on the 14-day chart is 70.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.90%. Stochastics %K at 93.47% indicates the stock is a selling.

How much short interest is there in Orion S.A.?

A steep rise in short interest was recorded in Orion S.A. stocks on Aug 14, 2023, growing by 0.14 million shares to a total of 0.6 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.46 million shares. There was a rise of 22.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.09% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.83.

Orion S.A. [OEC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,404,524 shares, or roughly 5.78% of the outstanding OEC shares. In other words, the investor’s shares have fallen by -119,195 from its previous 13-F filing of 3523719.0. Additionally, Pzena Investment Management LLC decreased -12.79% of its stake after which the total value it holdings stand at $68,236,719, while T. Rowe Price Investment Manageme reduced -12.46% of its stake to hold $64.11 million in the firm. Over the last quarter, Fidelity Management & Research Co purchased 713,286 shares of Orion S.A., while William Blair Investment Manageme bought -638,293 shares. At present, Inherent Group LP is holding 2,159,334 shares valued at $47.33 million. Harvey Partners LLC owned 2,009,500 shares of the company at the time of its most recent 13F filing, worth $44.05 million.

According to FactSet, Orion S.A.’s share price will average $29.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 34.84 percent from its previous closing price of $22.62. Analysts expect Orion S.A. stock to reach the higher price of $35.00, while the lowest price estimate is $21.00. However, 6 analysts have rated OEC stock as a Buy in their predictions for 2023.


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