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A company insider recently sold 170 shares of Ollies Bargain Outlet Holdings Inc [OLLI]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ollies Bargain Outlet Holdings Inc shares valued at $13,600 were sold by Helm Robert F on May 06 ’24. At $80.00 per share, Helm Robert F sold 170 shares. The insider’s holdings dropped to 1,437 shares worth approximately $0.1 million following the completion of this transaction.

Also, HENDRICKSON THOMAS sold 5,000 shares, netting a total of over 361,450 in proceeds. Following the sale of shares at $72.29 each, the insider now holds 5,659 shares.

Before that, SWYGERT JOHN W had sold 11,756 shares from its account. In a trade valued at $884,339, the President, CEO traded Ollies Bargain Outlet Holdings Inc shares for $75.22 each. Upon closing the transaction, the insider’s holdings decreased to 11,756 shares, worth approximately $3.5 million.

Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of April 05, 2024, Loop Capital has increased its “Hold” rating to a “Buy” for OLLI. Earlier on October 17, 2023, Goldman upgraded its rating. Their new recommendation was “a Buy” for OLLI stock which previously was a “a Neutral”.

Analyzing OLLI Stock Performance

During the last five days, there has been a drop of approximately -7.61%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have dropped approximately -4.31%. Shares of the company reached a 52-week high of $84.38 on 02/26/24 and a 52-week low of $68.05 on 04/03/24. A 50-day SMA is recorded $74.68, while a 200-day SMA reached $75.01. Nevertheless, trading volume fell to 0.96 million shares from 1.17 million shares the previous day.

Support And Resistance Levels for Ollies Bargain Outlet Holdings Inc (OLLI)

According to the 24-hour chart, there is a support level at 71.94, which, if violated, would cause prices to drop to 71.26. In the upper region, resistance lies at 73.73. The next price resistance is at 74.83. RSI (Relative Strength Index) is 42.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.03, which suggests the price will decrease in the coming days. Percent R is at 75.98%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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