Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Owens & Minor, Inc. shares valued at $350,003 were sold by Bernocchi Perry A on Jun 06 ’24. At $17.49 per share, Bernocchi Perry A sold 20,015 shares. The insider’s holdings dropped to 129,520 shares worth approximately $1.78 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Beck Mark A sold 9,344 shares, netting a total of over 161,184 in proceeds. Following the sale of shares at $17.25 each, the insider now holds 11,154 shares.
Before that, Sarkar Snehashish had sold 9,980 shares from its account. In a trade valued at $172,854, the EVP, Chief Information Officer traded Owens & Minor, Inc. shares for $17.32 each. Upon closing the transaction, the insider’s holdings decreased to 9,980 shares, worth approximately $0.81 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Owens & Minor, Inc. [OMI] has been a Market perform and the price target has been revised to $24. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early January. As of October 13, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for OMI. Earlier on October 12, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for OMI stock which previously was a “an Outperform”.
Analyzing OMI Stock Performance
During the last five days, there has been a drop of approximately -18.84%. Over the course of the year, Owens & Minor, Inc. shares have dropped approximately -28.70%. Shares of the company reached a 52-week high of $28.35 on 04/04/24 and a 52-week low of $13.36 on 06/25/24. A 50-day SMA is recorded $19.20, while a 200-day SMA reached $19.99. Nevertheless, trading volume fell to 1.16 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Owens & Minor, Inc. (OMI)
According to the 24-hour chart, there is a support level at 13.43, which, if violated, would cause prices to drop to 13.13. In the upper region, resistance lies at 14.24. The next price resistance is at 14.75. RSI (Relative Strength Index) is 18.67 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.82, which suggests the price will decrease in the coming days. Percent R is at 91.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
