Ollies Bargain Outlet Holdings Inc’s filing revealed that its SVP, Merchandising McLain Kevin unloaded Company’s shares for reported $1.48 million on Sep 16 ’24. In the deal valued at $98.99 per share,15,000 shares were sold. As a result of this transaction, McLain Kevin now holds 10,610 shares worth roughly $1.05 million.
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Then, McLain Kevin sold 4,471 shares, generating $445,086 in total proceeds. Upon selling the shares at $99.55, the SVP, Merchandising now owns 10,610 shares.
Before that, KEVIN MCLAIN bought 19,471 shares. Ollies Bargain Outlet Holdings Inc shares valued at $1,911,468 were divested by the Officer at a price of $98.17 per share.
Gordon Haskett upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to a Buy from a a Accumulate in a research note published on August 26, 2024; the price target was increased to $107 from $105. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Truist revised its rating on May 03, 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 jump 1.21% to $98.99. Over the last five days, the stock has gained 0.84%. Ollies Bargain Outlet Holdings Inc shares have risen nearly 30.44% since the year began. Nevertheless, the stocks have risen 28.71% over the past one year. While a 52-week high of $104.98 was reached on 07/15/24, a 52-week low of $68.05 was recorded on 04/03/24. SMA at 50 days reached $95.66, while 200 days put it at $82.55.
Levels Of Support And Resistance For OLLI Stock
The 24-hour chart illustrates a support level at 97.62, which if violated will result in even more drops to 96.25. On the upside, there is a resistance level at 99.77. A further resistance level may holdings at 100.55. The Relative Strength Index (RSI) on the 14-day chart is 59.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.02%. Stochastics %K at 81.47% indicates the stock is a selling.
How much short interest is there in Ollies Bargain Outlet Holdings Inc?
A steep rise in short interest was recorded in Ollies Bargain Outlet Holdings Inc stocks on 2024-08-30, growing by 0.19 million shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.95 million shares. There was a rise of 5.97%, which implies that there is a positive sentiment for the stock.
