Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Olaplex Holdings Inc shares valued at $71,366 were sold by Belhumeur Kristi A on May 03 ’24. At $1.68 per share, Belhumeur Kristi A sold 42,480 shares. The insider’s holdings dropped to 294,553 shares worth approximately $0.47 million following the completion of this transaction.
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Also, BILBREY JOHN P purchased 8,100 shares, netting a total of over 18,549 in proceeds. Following the buying of shares at $2.29 each, the insider now holds 58,100 shares.
Before that, BILBREY JOHN P had added 43,500 shares to its account. In a trade valued at $114,405, the Director bought Olaplex Holdings Inc shares for $2.63 each. Upon closing the transaction, the insider’s holdings increased to 43,500 shares, worth approximately $79000.0.
As published in a research note from Piper Sandler on March 19, 2024, Olaplex Holdings Inc [OLPX] has been rated up from an Underweight to a Neutral and the price target has been revised to $2 from $1.25. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. As of August 25, 2023, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for OLPX. Earlier on August 11, 2023, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for OLPX stock which previously was a “a Buy”.
Analyzing OLPX Stock Performance
During the last five days, there has been a drop of approximately -4.24%. Over the course of the year, Olaplex Holdings Inc shares have dropped approximately -37.80%. Shares of the company reached a 52-week high of $2.5800 on 01/02/24 and a 52-week low of $1.1900 on 04/23/24. A 50-day SMA is recorded $1.5873, while a 200-day SMA reached $1.9008. Nevertheless, trading volume fell to 1.45 million shares from 2.25 million shares the previous day.
Support And Resistance Levels for Olaplex Holdings Inc (OLPX)
According to the 24-hour chart, there is a support level at 1.5533, which, if violated, would cause prices to drop to 1.5267. In the upper region, resistance lies at 1.6133. The next price resistance is at 1.6467. RSI (Relative Strength Index) is 43.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1223, which suggests the price will decrease in the coming days. Percent R is at 90.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
