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 $118,725 were sold by Leon Jonathan A on Aug 22 ’24. At $15.83 per share, Leon Jonathan A sold 7,500 shares. The insider’s holdings dropped to 93,171 shares worth approximately $1.49 million following the completion of this transaction.
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Also, Leon Jonathan A purchased 7,500 shares, netting a total of over 118,725 in proceeds.
Before that, Bruni Alexander J had added 635 shares to its account. In a trade valued at $10,160, the Former Officer bought Owens & Minor, Inc. shares for $16.00 each.
As published in a research note from Citigroup on July 19, 2024, Owens & Minor, Inc. [OMI] has been rated up from a Neutral to a Buy and the price target has been revised to $19 from $24. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for OMI. Earlier on October 13, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OMI stock which previously was a “a Buy”.
Analyzing OMI Stock Performance
During the last five days, there has been a surge of approximately 11.47%. Over the course of the year, Owens & Minor, Inc. shares have dropped approximately -16.76%. Shares of the company reached a 52-week high of $28.35 on 04/04/24 and a 52-week low of $12.36 on 07/09/24. A 50-day SMA is recorded $15.42, while a 200-day SMA reached $19.55. Nevertheless, trading volume fell to 1.02 million shares from 0.8 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 15.72, which, if violated, would cause prices to drop to 15.39. In the upper region, resistance lies at 16.40. The next price resistance is at 16.75. RSI (Relative Strength Index) is 55.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 18.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.