The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Option Care Health Inc. shares valued at $62,944 were sold by Bavaro Michael on Feb 28 ’24. At $31.73 per share, Bavaro Michael sold 1,984 shares. The insider’s holdings dropped to 43,428 shares worth approximately $1.36 million following the completion of this transaction.
Also, KRAEMER HARRY M JANSEN JR purchased 35,000 shares, netting a total of over 1,104,352 in proceeds. Following the buying of shares at $31.55 each, the insider now holds 269,528 shares.
Before that, Bierbower Elizabeth D had added 3,000 shares to its account. In a trade valued at $79,110, the Director bought Option Care Health Inc. shares for $26.37 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.42 million.
Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of January 22, 2021, Deutsche Bank has initiated its “Buy” rating for OPCH. Earlier on January 11, 2021, JP Morgan initiated its rating. Their recommendation was “an Overweight” for OPCH stock.
Analyzing OPCH Stock Performance
During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Option Care Health Inc. shares have dropped approximately -6.86%. Shares of the company reached a 52-week high of $34.63 on 02/22/24 and a 52-week low of $30.74 on 01/29/24. A 50-day SMA is recorded $32.31, while a 200-day SMA reached $32.24. Nevertheless, trading volume fell to 1.09 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Option Care Health Inc. (OPCH)
According to the 24-hour chart, there is a support level at 30.85, which, if violated, would cause prices to drop to 30.31. In the upper region, resistance lies at 31.92. The next price resistance is at 32.45. RSI (Relative Strength Index) is 42.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 84.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Option Care Health Inc. subject to short interest?
Stocks of Option Care Health Inc. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.31 million shares to 4.58 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.27 million shares. A jump of 6.77% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.16.
