In a filing, Option Care Health Inc. revealed its Chief Human Resources Officer Bavaro Michael unloaded Company’s shares for reported $62944.0 on Feb 28 ’24. In the deal valued at $31.73 per share,1,984 shares were sold. As a result of this transaction, Bavaro Michael now holds 43,428 shares worth roughly $1.39 million.
Then, KRAEMER HARRY M JANSEN JR bought 35,000 shares, generating $1,104,352 in total proceeds. Upon buying the shares at $31.55, the Director now owns 269,528 shares.
Before that, Bierbower Elizabeth D bought 3,000 shares. Option Care Health Inc. shares valued at $79,110 were divested by the Director at a price of $26.37 per share. As a result of the transaction, Bierbower Elizabeth D now holds 13,515 shares, worth roughly $0.43 million.
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 jump 1.11% to $32.02. Over the last five days, the stock has lost -4.53%. Option Care Health Inc. shares have fallen nearly -4.96% since the year began. Nevertheless, the stocks have risen 0.69% over the past one year. While a 52-week high of $35.74 was reached on 02/22/24, a 52-week low of $24.23 was recorded on 01/29/24. SMA at 50 days reached $32.30, while 200 days put it at $32.22. A total of 0.5 million shares were traded, compared to the trading of 0.54 million shares in the previous session.
Levels Of Support And Resistance For OPCH Stock
The 24-hour chart illustrates a support level at 31.56, which if violated will result in even more drops to 31.11. On the upside, there is a resistance level at 32.36. A further resistance level may holdings at 32.71. The Relative Strength Index (RSI) on the 14-day chart is 46.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.35%. Stochastics %K at 31.43% 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 Mar 15, 2024, growing by 0.85 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.68 million shares. There was a rise of 18.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.04.
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.
