Omega Healthcare Investors, Inc.’s filing revealed that its CHIEF OPERATING OFFICER BOOTH DANIEL J unloaded Company’s shares for reported $2.28 million on Sep 27 ’24. In the deal valued at $40.25 per share,56,725 shares were sold. As a result of this transaction, BOOTH DANIEL J now holds 100,000 shares worth roughly $3.95 million.
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Then, STEPHENSON ROBERT O sold 22,542 shares, generating $905,963 in total proceeds. Upon selling the shares at $40.19, the CHIEF FINANCIAL OFFICER now owns 183,076 shares.
Before that, BOOTH DANIEL J bought 56,725 shares. Omega Healthcare Investors, Inc. shares valued at $2,287,719 were divested by the Officer at a price of $40.33 per share.
Mizuho downgraded its Omega Healthcare Investors, Inc. [OHI] rating to a Neutral from a an Outperform in a research note published on July 25, 2024; the price target was increased to $35 from $34. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Wells Fargo also remained covering OHI and has increased its forecast on February 26, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Exane BNP Paribas revised its rating on February 08, 2024. It rated OHI as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of OHI
On Monday, Omega Healthcare Investors, Inc. [NYSE:OHI] saw its stock jump 0.38% to $39.50. Over the last five days, the stock has lost -2.95%. Omega Healthcare Investors, Inc. shares have risen nearly 28.83% since the year began. Nevertheless, the stocks have risen 19.23% over the past one year. While a 52-week high of $41.53 was reached on 09/18/24, a 52-week low of $27.53 was recorded on 02/05/24. SMA at 50 days reached $39.10, while 200 days put it at $33.37.
Levels Of Support And Resistance For OHI Stock
The 24-hour chart illustrates a support level at 39.14, which if violated will result in even more drops to 38.77. On the upside, there is a resistance level at 39.76. A further resistance level may holdings at 40.01. The Relative Strength Index (RSI) on the 14-day chart is 45.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.20%. Stochastics %K at 11.68% indicates the stock is a buying.
How much short interest is there in Omega Healthcare Investors, Inc.?
A steep rise in short interest was recorded in Omega Healthcare Investors, Inc. stocks on 2024-09-13, growing by 0.11 million shares to a total of 10.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.57 million shares. There was a rise of 1.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $36 price target.
