Ollies Bargain Outlet Holdings Inc’s recent filing unveils that its President, CEO SWYGERT JOHN W unloaded Company’s shares for reported $0.88 million on Apr 01 ’24. In the deal valued at $75.22 per share,11,756 shares were sold. As a result of this transaction, SWYGERT JOHN W now holds 48,200 shares worth roughly $3.54 million.
Then, Helm Robert F sold 170 shares, generating $13,389 in total proceeds. Upon selling the shares at $78.76, the SVP/CFO now owns 1,607 shares.
Before that, Kraus Larry sold 2,928 shares. Ollies Bargain Outlet Holdings Inc shares valued at $231,312 were divested by the VP, CIO at a price of $79.00 per share. As a result of the transaction, Kraus Larry now holds 1,905 shares, worth roughly $0.14 million.
Loop Capital upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to a Buy from a a Hold in a research note published on April 05, 2024; the price target was increased to $90 from $80. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. JP Morgan also remained covering OLLI and has increased its forecast on April 17, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Citigroup revised its rating on March 27, 2023. It rated OLLI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of OLLI
On Friday, Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] saw its stock jump 3.19% to $73.43. Over the last five days, the stock has lost -7.72%. Ollies Bargain Outlet Holdings Inc shares have fallen nearly -3.24% since the year began. Nevertheless, the stocks have risen 27.28% over the past one year. While a 52-week high of $84.38 was reached on 02/26/24, a 52-week low of $52.93 was recorded on 04/03/24. SMA at 50 days reached $76.17, while 200 days put it at $73.90. A total of 1.18 million shares were traded, compared to the trading of 1.44 million shares in the previous session.
Levels Of Support And Resistance For OLLI Stock
The 24-hour chart illustrates a support level at 72.39, which if violated will result in even more drops to 71.34. On the upside, there is a resistance level at 74.48. A further resistance level may holdings at 75.52. The Relative Strength Index (RSI) on the 14-day chart is 46.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.99%. Stochastics %K at 24.24% indicates the stock is a holding.
How much short interest is there in Ollies Bargain Outlet Holdings Inc?
A steep rise in short interest was recorded in Ollies Bargain Outlet Holdings Inc stocks on Mar 15, 2024, dropping by -0.2 million shares to a total of 2.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.96 million shares. There was a decline of -7.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.30% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.65.
