OmniAb Inc’s recent filing unveils that its President and CEO FOEHR MATTHEW W acquired Company’s shares for reported $1.06 million on May 24 ’24. In the deal valued at $4.42 per share,240,000 shares were bought. As a result of this transaction, FOEHR MATTHEW W now holds 3,536,665 shares worth roughly $14.78 million.
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Then, GUSTAFSON KURT A sold 6,954 shares, generating $36,648 in total proceeds. Upon selling the shares at $5.27, the Executive VP, Finance and CFO now owns 176,697 shares.
Before that, Berkman Charles S sold 6,954 shares. OmniAb Inc shares valued at $36,648 were divested by the Chief Legal Officer at a price of $5.27 per share. As a result of the transaction, Berkman Charles S now holds 292,617 shares, worth roughly $1.22 million.
RBC Capital Mkts initiated its OmniAb Inc [OABI] rating to an Outperform in a research note published on November 29, 2023; the price target was $6. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in late April with a ‘”a Buy”‘ rating. Craig Hallum began covering OABI with “Buy” recommendation on April 13, 2023. Cowen started covering the stock on February 22, 2023. It rated OABI as “an Outperform”.
Price Performance Review of OABI
On Friday, OmniAb Inc [NASDAQ:OABI] saw its stock fall -0.95% to $4.18. Over the last five days, the stock has lost -1.42%. OmniAb Inc shares have fallen nearly -32.25% since the year began. Nevertheless, the stocks have fallen -29.51% over the past one year. While a 52-week high of $6.72 was reached on 01/09/24, a 52-week low of $3.56 was recorded on 07/05/24. SMA at 50 days reached $4.30, while 200 days put it at $4.97.
Levels Of Support And Resistance For OABI Stock
The 24-hour chart illustrates a support level at 4.14, which if violated will result in even more drops to 4.11. On the upside, there is a resistance level at 4.24. A further resistance level may holdings at 4.30. The Relative Strength Index (RSI) on the 14-day chart is 44.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.03%. Stochastics%K at 12.83% indicates the stock is a buying.
How much short interest is there in OmniAb Inc?
A steep rise in short interest was recorded in OmniAb Inc stocks on 2024-07-31, growing by 1.05 million shares to a total of 7.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 6.29 million shares. There was a rise of 14.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 13, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $11 price target.
