In a filing, Owens & Minor, Inc. revealed its SVP, Corporate Controller Lowry Michael Wayne unloaded Company’s shares for reported $0.25 million on Feb 27 ’24. In the deal valued at $25.00 per share,10,000 shares were sold. As a result of this transaction, Lowry Michael Wayne now holds 71,654 shares worth roughly $1.89 million.
Then, Leon Jonathan A sold 5,000 shares, generating $110,000 in total proceeds. Upon selling the shares at $22.00, the SVP, Corporate Treasurer now owns 75,713 shares.
Before that, Galloway Heath H sold 97 shares. Owens & Minor, Inc. shares valued at $1,931 were divested by the EVP,General Counsel & CorpSecy at a price of $19.91 per share. As a result of the transaction, Galloway Heath H now holds 36,437 shares, worth roughly $0.96 million.
Leerink Partners initiated its Owens & Minor, Inc. [OMI] rating to a Market perform in a research note published on February 26, 2024; the price target was $24. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Equal weight”‘ rating. Citigroup also remained covering OMI and has decreased its forecast on October 13, 2022 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on October 12, 2022. It rated OMI as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of OMI
On Tuesday, Owens & Minor, Inc. [NYSE:OMI] saw its stock fall -3.09% to $26.38. Over the last five days, the stock has lost -1.93%. Owens & Minor, Inc. shares have risen nearly 36.90% since the year began. Nevertheless, the stocks have risen 77.76% over the past one year. While a 52-week high of $28.35 was reached on 04/04/24, a 52-week low of $13.34 was recorded on 01/17/24. SMA at 50 days reached $23.93, while 200 days put it at $19.58. A total of 0.61 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For OMI Stock
The 24-hour chart illustrates a support level at 26.09, which if violated will result in even more drops to 25.79. On the upside, there is a resistance level at 26.96. A further resistance level may holdings at 27.53. The Relative Strength Index (RSI) on the 14-day chart is 54.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.66%. Stochastics %K at 55.24% indicates the stock is a holding.
How much short interest is there in Owens & Minor, Inc.?
A steep rise in short interest was recorded in Owens & Minor, Inc. stocks on Mar 28, 2024, dropping by -0.42 million shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 6.01 million shares. There was a decline of -7.51%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.88% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.76.
