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 $438,930 were sold by HENDRICKSON THOMAS on Jun 21 ’24. At $97.54 per share, HENDRICKSON THOMAS sold 4,500 shares. The insider’s holdings dropped to 5,659 shares worth approximately $0.56 million following the completion of this transaction.
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Also, Comitale James J sold 2,500 shares, netting a total of over 223,875 in proceeds. Following the sale of shares at $89.55 each, the insider now holds 2,732 shares.
Before that, SWYGERT JOHN W had sold 14,736 shares from its account. In a trade valued at $1,279,174, the CEO traded Ollies Bargain Outlet Holdings Inc shares for $86.81 each. Upon closing the transaction, the insider’s holdings decreased to 14,736 shares, worth approximately $4.74 million.
As published in a research note from JP Morgan on June 17, 2024, Ollies Bargain Outlet Holdings Inc [OLLI] has been rated up from a Neutral to an Overweight and the price target has been revised to $105. As of May 03, 2024, Truist has increased its “Hold” rating to a “Buy” for OLLI. Earlier on April 05, 2024, Loop Capital upgraded its rating. Their new recommendation was “a Buy” for OLLI stock which previously was a “a Hold”.
Analyzing OLLI Stock Performance
During the last five days, there has been a surge of approximately 0.28%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have jumped approximately 29.54%. Shares of the company reached a 52-week high of $100.44 on 06/20/24 and a 52-week low of $68.05 on 04/03/24. A 50-day SMA is recorded $80.43, while a 200-day SMA reached $76.60. Nevertheless, trading volume fell to 0.8 million shares from 1.0 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 97.41, which, if violated, would cause prices to drop to 96.52. In the upper region, resistance lies at 99.29. The next price resistance is at 100.28. RSI (Relative Strength Index) is 75.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.74, which suggests the price will increase in the coming days. Percent R is at 12.10%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
