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. Ollies Bargain Outlet Holdings Inc shares valued at $884,339 were sold by SWYGERT JOHN W on Apr 01 ’24. At $75.22 per share, SWYGERT JOHN W sold 11,756 shares. The insider’s holdings dropped to 48,200 shares worth approximately $3.51 million following the completion of this transaction.
Also, Helm Robert F sold 170 shares, netting a total of over 13,389 in proceeds. Following the sale of shares at $78.76 each, the insider now holds 1,607 shares.
Before that, Kraus Larry had sold 2,928 shares from its account. In a trade valued at $231,312, the VP, CIO traded Ollies Bargain Outlet Holdings Inc shares for $79.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,928 shares, worth approximately $0.14 million.
As published in a research note from Loop Capital on April 05, 2024, Ollies Bargain Outlet Holdings Inc [OLLI] has been rated up from a Hold to a Buy and the price target has been revised to $90 from $80. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. As of April 17, 2023, JP Morgan has increased its “an Underweight” rating to a “Neutral” for OLLI. Earlier on March 27, 2023, Citigroup downgraded its rating. Their new recommendation was “a Sell” for OLLI stock which previously was a “a Neutral”.
Analyzing OLLI Stock Performance
During the last five days, there has been a surge of approximately 6.38%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have dropped approximately -4.05%. Shares of the company reached a 52-week high of $84.38 on 02/26/24 and a 52-week low of $68.05 on 04/03/24. A 50-day SMA is recorded $76.19, while a 200-day SMA reached $74.11. Nevertheless, trading volume fell to 1.01 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Ollies Bargain Outlet Holdings Inc (OLLI)
According to the 24-hour chart, there is a support level at 71.68, which, if violated, would cause prices to drop to 70.53. In the upper region, resistance lies at 73.47. The next price resistance is at 74.11. RSI (Relative Strength Index) is 44.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.03, which suggests the price will decrease in the coming days. Percent R is at 60.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Ollies Bargain Outlet Holdings Inc subject to short interest?
Stocks of Ollies Bargain Outlet Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.2 million shares to 2.76 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.96 million shares. A decline of -7.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.65 of the overall float, the days-to-cover ratio (short ratio) decline to 3.65.
