Old Republic International Corp.’s recently made public that its Director ADACHI BARBARA acquired Company’s shares for reported $55055.0 on Feb 16 ’24. In the deal valued at $28.60 per share,1,925 shares were bought. As a result of this transaction, ADACHI BARBARA now holds 7,845 shares worth roughly $0.24 million.
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Then, MONROE CAROLYN sold 6,528 shares, generating $180,920 in total proceeds. Upon selling the shares at $27.71, the SVP – Title Insurance now owns 0 shares.
Before that, ADACHI BARBARA bought 3,620 shares. Old Republic International Corp. shares valued at $100,057 were divested by the Director at a price of $27.64 per share. As a result of the transaction, ADACHI BARBARA now holds 5,920 shares, worth roughly $0.18 million.
Piper Sandler upgraded its Old Republic International Corp. [ORI] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid May with a ‘”a Neutral”‘ rating. Raymond James also remained covering ORI and has decreased its forecast on April 29, 2022 with a “an Outperform” recommendation from previously “Strong buy” rating. JMP Securities revised its rating on July 12, 2019. It rated ORI as “a Mkt perform” which previously was an “a Mkt outperform”.
Price Performance Review of ORI
On Tuesday, Old Republic International Corp. [NYSE:ORI] saw its stock jump 0.20% to $29.97. Over the last five days, the stock has gained 1.77%. Old Republic International Corp. shares have risen nearly 1.94% since the year began. Nevertheless, the stocks have risen 24.82% over the past one year. While a 52-week high of $30.60 was reached on 01/24/24, a 52-week low of $24.03 was recorded on 02/08/24. SMA at 50 days reached $28.91, while 200 days put it at $27.78. A total of 1.55 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For ORI Stock
The 24-hour chart illustrates a support level at 29.86, which if violated will result in even more drops to 29.75. On the upside, there is a resistance level at 30.11. A further resistance level may holdings at 30.26. The Relative Strength Index (RSI) on the 14-day chart is 62.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.01%. Stochastics %K at 79.12% indicates the stock is a holding.
How much short interest is there in Old Republic International Corp.?
A steep rise in short interest was recorded in Old Republic International Corp. stocks on Feb 29, 2024, dropping by -0.29 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.83 million shares. There was a decline of -18.83%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.91.
