Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Owens & Minor, Inc. shares valued at $585,680 were sold by Bernocchi Perry A on May 01 ’24. At $24.31 per share, Bernocchi Perry A sold 24,094 shares. The insider’s holdings dropped to 170,497 shares worth approximately $3.09 million following the completion of this transaction.
Also, Leon Jonathan A sold 5,000 shares, netting a total of over 124,200 in proceeds. Following the sale of shares at $24.84 each, the insider now holds 84,673 shares.
Before that, Lowry Michael Wayne had sold 10,000 shares from its account. In a trade valued at $250,000, the SVP, Corporate Controller traded Owens & Minor, Inc. shares for $25.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.3 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Owens & Minor, Inc. [OMI] has been a Market perform and the price target has been revised to $24. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early January. As of October 13, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for OMI. Earlier on October 12, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for OMI stock which previously was a “an Outperform”.
Analyzing OMI Stock Performance
During the last five days, there has been a drop of approximately -24.53%. Over the course of the year, Owens & Minor, Inc. shares have dropped approximately -5.97%. Shares of the company reached a 52-week high of $28.35 on 04/04/24 and a 52-week low of $17.89 on 05/03/24. A 50-day SMA is recorded $24.95, while a 200-day SMA reached $20.10. Nevertheless, trading volume fell to 1.08 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Owens & Minor, Inc. (OMI)
According to the 24-hour chart, there is a support level at 17.66, which, if violated, would cause prices to drop to 17.21. In the upper region, resistance lies at 18.81. The next price resistance is at 19.51. RSI (Relative Strength Index) is 28.47 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.23, which suggests the price will decrease in the coming days. Percent R is at 97.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
