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. Old Republic International Corp. shares valued at $55,055 were purchased by ADACHI BARBARA on Feb 16 ’24. At $28.60 per share, ADACHI BARBARA acquired 1,925 shares. The insider’s holdings grew to 7,845 shares worth approximately $0.24 million following the completion of this transaction.
Also, MONROE CAROLYN sold 6,528 shares, netting a total of over 180,920 in proceeds. Following the sale of shares at $27.71 each, the insider now holds 0 shares.
Before that, ADACHI BARBARA had added 3,620 shares to its account. In a trade valued at $100,057, the Director bought Old Republic International Corp. shares for $27.64 each. Upon closing the transaction, the insider’s holdings increased to 3,620 shares, worth approximately $0.18 million.
As published in a research note from Piper Sandler on February 12, 2024, Old Republic International Corp. [ORI] has been rated up from a Neutral to an Overweight and the price target has been revised to $32. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid May. As of April 29, 2022, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for ORI. Earlier on July 12, 2019, JMP Securities downgraded its rating. Their new recommendation was “a Mkt perform” for ORI stock which previously was a “a Mkt outperform”.
Analyzing ORI Stock Performance
During the last five days, there has been a surge of approximately 5.80%. Over the course of the year, Old Republic International Corp. shares have jumped approximately 3.06%. Shares of the company reached a 52-week high of $31.22 on 04/04/24 and a 52-week low of $27.19 on 02/08/24. A 50-day SMA is recorded $29.49, while a 200-day SMA reached $28.30. Nevertheless, trading volume fell to 2.92 million shares from 1.92 million shares the previous day.
Support And Resistance Levels for Old Republic International Corp. (ORI)
According to the 24-hour chart, there is a support level at 30.12, which, if violated, would cause prices to drop to 29.94. In the upper region, resistance lies at 30.42. The next price resistance is at 30.55. RSI (Relative Strength Index) is 57.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 30.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
