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Owens & Minor, Inc. (OMI) rating initates by Leerink Partners

Owens & Minor, Inc.’s recently made public that its EVP, CEO,. Patient Direct Bernocchi Perry A unloaded Company’s shares for reported $0.59 million on May 01 ’24. In the deal valued at $24.31 per share,24,094 shares were sold. As a result of this transaction, Bernocchi Perry A now holds 170,497 shares worth roughly $3.18 million.

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Then, Leon Jonathan A sold 5,000 shares, generating $124,200 in total proceeds. Upon selling the shares at $24.84, the SVP, Corporate Treasurer now owns 84,673 shares.

Before that, Lowry Michael Wayne sold 10,000 shares. Owens & Minor, Inc. shares valued at $250,000 were divested by the SVP, Corporate Controller at a price of $25.00 per share. As a result of the transaction, Lowry Michael Wayne now holds 71,654 shares, worth roughly $1.33 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 Friday, Owens & Minor, Inc. [NYSE:OMI] saw its stock jump 1.36% to $18.63. Over the last five days, the stock has gained 2.31%. Owens & Minor, Inc. shares have fallen nearly -3.32% since the year began. Nevertheless, the stocks have risen 1.31% over the past one year. While a 52-week high of $28.35 was reached on 04/04/24, a 52-week low of $13.64 was recorded on 05/10/24. SMA at 50 days reached $24.70, while 200 days put it at $20.09. A total of 0.79 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For OMI Stock

The 24-hour chart illustrates a support level at 17.96, which if violated will result in even more drops to 17.30. On the upside, there is a resistance level at 18.97. A further resistance level may holdings at 19.31. The Relative Strength Index (RSI) on the 14-day chart is 31.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.84%. Stochastics %K at 7.20% indicates the stock is a buying.

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