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Option Care Health Inc. (OPCH) rating initates by JMP Securities

In a filing, Option Care Health Inc. revealed its Chief Financial Officer SHAPIRO MICHAEL H. unloaded Company’s shares for reported $0.72 million on Aug 22 ’24. In the deal valued at $30.95 per share,23,217 shares were sold. As a result of this transaction, SHAPIRO MICHAEL H. now holds 247,317 shares worth roughly $7.92 million.

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Then, BETTEN ELIZABETH QUADROS sold 47,531 shares, generating $1,477,530 in total proceeds. Upon selling the shares at $31.09, the Director now owns 21,339 shares.

Before that, SULLIVAN TIMOTHY P sold 47,249 shares. Option Care Health Inc. shares valued at $1,460,589 were divested by the Director at a price of $30.91 per share. As a result of the transaction, SULLIVAN TIMOTHY P now holds 20,814 shares, worth roughly $0.67 million.

JMP Securities initiated its Option Care Health Inc. [OPCH] rating to a Mkt outperform in a research note published on July 16, 2024; the price target was $36. Goldman also remained covering OPCH and has increased its forecast on July 19, 2021 with a “Buy” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on January 22, 2021. It rated OPCH as “a Buy”.

Price Performance Review of OPCH

On Friday, Option Care Health Inc. [NASDAQ:OPCH] saw its stock jump 1.17% to $32.02. Over the last five days, the stock has gained 0.60%. Option Care Health Inc. shares have fallen nearly -4.96% since the year began. Nevertheless, the stocks have fallen -9.11% over the past one year. While a 52-week high of $35.62 was reached on 02/22/24, a 52-week low of $26.11 was recorded on 07/05/24. SMA at 50 days reached $29.93, while 200 days put it at $30.86.

Levels Of Support And Resistance For OPCH Stock

The 24-hour chart illustrates a support level at 31.79, which if violated will result in even more drops to 31.56. On the upside, there is a resistance level at 32.16. A further resistance level may holdings at 32.30. The Relative Strength Index (RSI) on the 14-day chart is 60.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.18%. Stochastics %K at 83.54% indicates the stock is a selling.

How much short interest is there in Option Care Health Inc.?

A steep rise in short interest was recorded in Option Care Health Inc. stocks on 2024-08-15, growing by 0.1 million shares to a total of 5.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 5.78 million shares. There was a rise of 1.77%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 11, 2021 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $21 price target.

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