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Opko Health Inc [OPK] Shares Fall Approximately -2.76% Over the Year

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Opko Health Inc shares valued at $126,937 were purchased by FROST PHILLIP MD ET AL on May 23 ’24. At $1.27 per share, FROST PHILLIP MD ET AL acquired 100,000 shares. The insider’s holdings grew to 211,232,222 shares worth approximately $297.84 million following the completion of this transaction.

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Also, FROST PHILLIP MD ET AL purchased 163,997 shares, netting a total of over 211,195 in proceeds. Following the buying of shares at $1.29 each, the insider now holds 211,132,222 shares.

Before that, FROST PHILLIP MD ET AL had added 500,000 shares to its account. In a trade valued at $437,100, the CEO & Chairman bought Opko Health Inc shares for $0.87 each. Upon closing the transaction, the insider’s holdings increased to 500,000 shares, worth approximately $297.47 million.

As published in a research note from Barrington Research on June 29, 2023, Opko Health Inc [OPK] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $2. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of January 24, 2022, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for OPK. Earlier on June 21, 2021, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for OPK stock.

Analyzing OPK Stock Performance

During the last five days, there has been a surge of approximately 2.92%. Over the course of the year, Opko Health Inc shares have dropped approximately -6.62%. Shares of the company reached a 52-week high of $1.5700 on 01/02/24 and a 52-week low of $0.8516 on 01/05/24. A 50-day SMA is recorded $1.2900, while a 200-day SMA reached $1.3112. Nevertheless, trading volume fell to 2.88 million shares from 8.7 million shares the previous day.

Support And Resistance Levels for Opko Health Inc (OPK)

According to the 24-hour chart, there is a support level at 1.3933, which, if violated, would cause prices to drop to 1.3767. In the upper region, resistance lies at 1.4233. The next price resistance is at 1.4367. RSI (Relative Strength Index) is 61.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0571, which suggests the price will decrease in the coming days. Percent R is at 21.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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