Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Omega Healthcare Investors, Inc. shares valued at $1,001,500 were sold by BOOTH DANIEL J on Sep 05 ’24. At $40.06 per share, BOOTH DANIEL J sold 25,000 shares. The insider’s holdings dropped to 156,725 shares worth approximately $6.47 million following the completion of this transaction.
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Also, BOOTH DANIEL J purchased 25,000 shares, netting a total of over 1,001,000 in proceeds.
Before that, STEPHENSON ROBERT O had sold 30,000 shares from its account. In a trade valued at $1,163,520, the CHIEF FINANCIAL OFFICER traded Omega Healthcare Investors, Inc. shares for $38.78 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $8.49 million.
As published in a research note from Mizuho on July 25, 2024, Omega Healthcare Investors, Inc. [OHI] has been rated down from an Outperform to a Neutral and the price target has been revised to $35 from $34. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of February 26, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for OHI. Earlier on February 08, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for OHI stock which previously was a “an Underperform”.
Analyzing OHI Stock Performance
During the last five days, there has been a surge of approximately 2.76%. Over the course of the year, Omega Healthcare Investors, Inc. shares have jumped approximately 34.67%. Shares of the company reached a 52-week high of $41.53 on 09/18/24 and a 52-week low of $27.53 on 02/05/24. A 50-day SMA is recorded $37.86, while a 200-day SMA reached $32.77. Nevertheless, trading volume fell to 2.67 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Omega Healthcare Investors, Inc. (OHI)
According to the 24-hour chart, there is a support level at 40.70, which, if violated, would cause prices to drop to 40.10. In the upper region, resistance lies at 41.71. The next price resistance is at 42.12. RSI (Relative Strength Index) is 76.71 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 10.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
