In a filing, Ollies Bargain Outlet Holdings Inc revealed its Director HENDRICKSON THOMAS unloaded Company’s shares for reported $0.36 million on Apr 18 ’24. In the deal valued at $72.29 per share,5,000 shares were sold. As a result of this transaction, HENDRICKSON THOMAS now holds 5,659 shares worth roughly $0.42 million.
Then, SWYGERT JOHN W sold 11,756 shares, generating $884,339 in total proceeds. Upon selling the shares at $75.22, the President, CEO now owns 48,200 shares.
Before that, Helm Robert F sold 170 shares. Ollies Bargain Outlet Holdings Inc shares valued at $13,389 were divested by the SVP/CFO at a price of $78.76 per share. As a result of the transaction, Helm Robert F now holds 1,607 shares, worth roughly $0.12 million.
Loop Capital upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to a Buy from a a Hold in a research note published on April 05, 2024; the price target was increased to $90 from $80. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. JP Morgan also remained covering OLLI and has increased its forecast on April 17, 2023 with a “Neutral” recommendation from previously “an Underweight” rating. Citigroup revised its rating on March 27, 2023. It rated OLLI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of OLLI
On Friday, Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] saw its stock jump 0.15% to $74.46. Over the last five days, the stock has gained 1.71%. Ollies Bargain Outlet Holdings Inc shares have fallen nearly -1.88% since the year began. Nevertheless, the stocks have risen 15.66% over the past one year. While a 52-week high of $84.38 was reached on 02/26/24, a 52-week low of $52.93 was recorded on 04/03/24. SMA at 50 days reached $75.67, while 200 days put it at $74.76. A total of 0.58 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For OLLI Stock
The 24-hour chart illustrates a support level at 73.61, which if violated will result in even more drops to 72.76. On the upside, there is a resistance level at 75.21. A further resistance level may holdings at 75.96. The Relative Strength Index (RSI) on the 14-day chart is 51.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.16%. Stochastics %K at 77.72% indicates the stock is a holding.
