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A Guide To The Risks Of Investing In Olaplex Holdings Inc (OLPX)

Olaplex Holdings Inc’s recently made public that its Senior VP of Accounting Belhumeur Kristi A unloaded Company’s shares for reported $71366.0 on May 03 ’24. In the deal valued at $1.68 per share,42,480 shares were sold. As a result of this transaction, Belhumeur Kristi A now holds 294,553 shares worth roughly $0.53 million.

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Then, BILBREY JOHN P bought 8,100 shares, generating $18,549 in total proceeds. Upon buying the shares at $2.29, the Director now owns 58,100 shares.

Before that, BILBREY JOHN P bought 43,500 shares. Olaplex Holdings Inc shares valued at $114,405 were divested by the Director at a price of $2.63 per share. As a result of the transaction, BILBREY JOHN P now holds 50,000 shares, worth roughly $89500.0.

Piper Sandler upgraded its Olaplex Holdings Inc [OLPX] rating to a Neutral from a an Underweight in a research note published on March 19, 2024; the price target was increased to $2 from $1.25. A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “an Equal weight”. Piper Sandler also remained covering OLPX and has decreased its forecast on August 25, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Canaccord Genuity revised its rating on August 11, 2023. It rated OLPX as “a Hold” which previously was an “a Buy”.

Price Performance Review of OLPX

On Tuesday, Olaplex Holdings Inc [NASDAQ:OLPX] saw its stock unchanged to $1.79. Over the last five days, the stock has gained 13.29%. Olaplex Holdings Inc shares have fallen nearly -29.53% since the year began. Nevertheless, the stocks have fallen -48.41% over the past one year. While a 52-week high of $4.26 was reached on 01/02/24, a 52-week low of $1.19 was recorded on 04/23/24. SMA at 50 days reached $1.5664, while 200 days put it at $1.9723. A total of 1.5 million shares were traded, compared to the trading of 2.09 million shares in the previous session.

Levels Of Support And Resistance For OLPX Stock

The 24-hour chart illustrates a support level at 1.7533, which if violated will result in even more drops to 1.7167. On the upside, there is a resistance level at 1.8133. A further resistance level may holdings at 1.8367. The Relative Strength Index (RSI) on the 14-day chart is 63.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1760, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.00%. Stochastics %K at 81.79% indicates the stock is a selling.

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