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Keeping an Eye on Owens & Minor, Inc. (OMI) After Insider Trading Activity

Owens & Minor, Inc.’s recent filing unveils that its SVP, Corporate Treasurer Leon Jonathan A unloaded Company’s shares for reported $0.12 million on Apr 22 ’24. In the deal valued at $24.84 per share,5,000 shares were sold. As a result of this transaction, Leon Jonathan A now holds 84,673 shares worth roughly $2.09 million.

Then, Lowry Michael Wayne sold 10,000 shares, generating $250,000 in total proceeds. Upon selling the shares at $25.00, the SVP, Corporate Controller now owns 71,654 shares.

Before that, Leon Jonathan A sold 5,000 shares. Owens & Minor, Inc. shares valued at $110,000 were divested by the SVP, Corporate Treasurer at a price of $22.00 per share. As a result of the transaction, Leon Jonathan A now holds 75,713 shares, worth roughly $1.87 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 -2.68% to $24.74. Over the last five days, the stock has lost -3.25%. Owens & Minor, Inc. shares have risen nearly 28.39% since the year began. Nevertheless, the stocks have risen 59.20% 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 $25.27, while 200 days put it at $20.06. A total of 0.82 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For OMI Stock

The 24-hour chart illustrates a support level at 24.48, which if violated will result in even more drops to 24.21. On the upside, there is a resistance level at 25.25. A further resistance level may holdings at 25.75. The Relative Strength Index (RSI) on the 14-day chart is 47.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.93%. Stochastics %K at 48.42% indicates the stock is a holding.

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