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Potential Price Increase for Ollies Bargain Outlet Holdings Inc (OLLI) After Recent Insider Activity

Ollies Bargain Outlet Holdings Inc’s recent filing unveils that its Director HENDRICKSON THOMAS unloaded Company’s shares for reported $0.44 million on Jun 21 ’24. In the deal valued at $97.54 per share,4,500 shares were sold. As a result of this transaction, HENDRICKSON THOMAS now holds 5,659 shares worth roughly $0.56 million.

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Then, Comitale James J sold 2,500 shares, generating $223,875 in total proceeds. Upon selling the shares at $89.55, the SVP, General Counsel now owns 2,732 shares.

Before that, SWYGERT JOHN W sold 14,736 shares. Ollies Bargain Outlet Holdings Inc shares valued at $1,279,174 were divested by the CEO at a price of $86.81 per share. As a result of the transaction, SWYGERT JOHN W now holds 48,200 shares, worth roughly $4.73 million.

JP Morgan upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to an Overweight from a a Neutral in a research note published recently. Truist also remained covering OLLI and has increased its forecast on May 03, 2024 with a “Buy” recommendation from previously “Hold” rating. Loop Capital revised its rating on April 05, 2024. It rated OLLI as “a Buy” which previously was an “a Hold”.

Price Performance Review of OLLI

On Friday, Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] saw its stock fall -0.17% to $98.17. Over the last five days, the stock has lost -0.10%. Ollies Bargain Outlet Holdings Inc shares have risen nearly 29.36% since the year began. Nevertheless, the stocks have risen 68.62% over the past one year. While a 52-week high of $100.44 was reached on 06/20/24, a 52-week low of $57.31 was recorded on 04/03/24. SMA at 50 days reached $81.50, while 200 days put it at $76.81. A total of 1.44 million shares were traded, compared to the trading of 0.77 million shares in the previous session.

Levels Of Support And Resistance For OLLI Stock

The 24-hour chart illustrates a support level at 97.08, which if violated will result in even more drops to 95.98. On the upside, there is a resistance level at 99.02. A further resistance level may holdings at 99.86. The Relative Strength Index (RSI) on the 14-day chart is 75.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.90%. Stochastics%K at 87.69% indicates the stock is a selling.

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