Owens & Minor, Inc.’s recent filing unveils that its EVP,General Counsel & CorpSecy Galloway Heath H unloaded Company’s shares for reported $39111.0 on May 17 ’24. In the deal valued at $19.06 per share,2,052 shares were sold. As a result of this transaction, Galloway Heath H now holds 54,846 shares worth roughly $0.96 million.
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Then, Galloway Heath H sold 2,031 shares, generating $40,986 in total proceeds. Upon selling the shares at $20.18, the EVP,General Counsel & CorpSecy now owns 56,898 shares.
Before that, Bernocchi Perry A sold 24,094 shares. Owens & Minor, Inc. shares valued at $585,680 were divested by the EVP, CEO,. Patient Direct at a price of $24.31 per share. As a result of the transaction, Bernocchi Perry A now holds 170,497 shares, worth roughly $2.99 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 1.45% to $17.53. Over the last five days, the stock has lost -5.85%. Owens & Minor, Inc. shares have fallen nearly -9.03% since the year began. Nevertheless, the stocks have fallen -11.46% 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 05/23/24. SMA at 50 days reached $23.39, while 200 days put it at $20.06. A total of 0.45 million shares were traded, compared to the trading of 0.68 million shares in the previous session.
Levels Of Support And Resistance For OMI Stock
The 24-hour chart illustrates a support level at 17.28, which if violated will result in even more drops to 17.04. On the upside, there is a resistance level at 17.65. A further resistance level may holdings at 17.78. The Relative Strength Index (RSI) on the 14-day chart is 32.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.96%. Stochastics %K at 10.22% indicates the stock is a buying.
