Taking this into account, Citigroup upgraded its Omega Healthcare Investors, Inc. [OHI] rating to a Buy from a a Neutral in a research note published on March 22, 2024; the price target was increased to $35 from $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in late February from “an Equal weight” to “an Overweight”. Exane BNP Paribas also remained covering OHI and has increased its forecast on February 08, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Deutsche Bank started covering the stock on January 30, 2024. It rated OHI as “a Buy”.
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Price Performance Review of OHI
On Friday, Omega Healthcare Investors, Inc. [NYSE:OHI] saw its stock jump 2.50% to $32.33. Over the last five days, the stock has gained 3.22%. Omega Healthcare Investors, Inc. shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have risen 8.45% over the past one year. While a 52-week high of $34.77 was reached on 05/31/24, a 52-week low of $27.53 was recorded on 02/05/24. SMA at 50 days reached $31.00, while 200 days put it at $31.33. A total of 2.0 million shares were traded, compared to the trading of 1.64 million shares in the previous session.
Levels Of Support And Resistance For OHI Stock
The 24-hour chart illustrates a support level at 31.77, which if violated will result in even more drops to 31.20. On the upside, there is a resistance level at 32.67. A further resistance level may holdings at 33.00. The Relative Strength Index (RSI) on the 14-day chart is 63.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.61%. Stochastics %K at 62.30% indicates the stock is a holding.
