Ollies Bargain Outlet Holdings Inc’s recently made public that 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 $0.43 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.
Truist upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to a Buy from a a Hold in a research note published on May 03, 2024; the price target was increased to $86 from $80. A number of analysts have revised their coverage, including Loop Capital’s analysts, who increased its forecast for the stock in early April from “a Hold” to “a Buy”. Goldman also remained covering OLLI and has increased its forecast on October 17, 2023 with a “Buy” recommendation from previously “Neutral” rating. JP Morgan revised its rating on April 17, 2023. It rated OLLI as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of OLLI
On Friday, Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] saw its stock jump 2.92% to $76.80. Over the last five days, the stock has gained 3.14%. Ollies Bargain Outlet Holdings Inc shares have risen nearly 1.20% since the year began. Nevertheless, the stocks have risen 14.85% 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 $75.14, while 200 days put it at $74.83. A total of 0.74 million shares were traded, compared to the trading of 0.73 million shares in the previous session.
Levels Of Support And Resistance For OLLI Stock
The 24-hour chart illustrates a support level at 76.14, which if violated will result in even more drops to 75.47. On the upside, there is a resistance level at 77.37. A further resistance level may holdings at 77.94. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.69%. Stochastics %K at 70.71% indicates the stock is a holding.
