In a filing, Organon & Co. revealed its Gen. Counsel & Corp. Secy. Weaver Kirke acquired Company’s shares for reported $49939.0 on Feb 22 ’24. In the deal valued at $18.36 per share,2,720 shares were bought. As a result of this transaction, Weaver Kirke now holds 15,181 shares worth roughly $0.27 million.
Goldman downgraded its Organon & Co. [OGN] rating to a Neutral from a a Buy in a research note published on November 03, 2023; the price target was decreased to $16 from $33. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Raymond James began covering OGN with “an Outperform” recommendation on March 16, 2023. BofA Securities revised its rating on October 14, 2022. It rated OGN as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of OGN
On Friday, Organon & Co. [NYSE:OGN] saw its stock fall -0.06% to $17.86. Over the last five days, the stock has lost -5.00%. Organon & Co. shares have risen nearly 23.86% since the year began. Nevertheless, the stocks have fallen -22.62% over the past one year. While a 52-week high of $24.79 was reached on 02/15/24, a 52-week low of $10.84 was recorded on 01/05/24. SMA at 50 days reached $17.68, while 200 days put it at $17.36. A total of 2.01 million shares were traded, compared to the trading of 1.45 million shares in the previous session.
Levels Of Support And Resistance For OGN Stock
The 24-hour chart illustrates a support level at 17.58, which if violated will result in even more drops to 17.30. On the upside, there is a resistance level at 18.08. A further resistance level may holdings at 18.29. The Relative Strength Index (RSI) on the 14-day chart is 48.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.89%. Stochastics %K at 23.63% indicates the stock is a holding.
How much short interest is there in Organon & Co.?
A steep rise in short interest was recorded in Organon & Co. stocks on Mar 15, 2024, dropping by -3.21 million shares to a total of 10.13 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.34 million shares. There was a decline of -31.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.87.
