Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens & Minor, Inc. shares valued at $53,921 were purchased by Bruni Alexander J on Sep 20 ’24. At $15.93 per share, Bruni Alexander J acquired 3,384 shares.
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Also, Leon Jonathan A sold 7,500 shares, netting a total of over 118,725 in proceeds. Following the sale of shares at $15.83 each, the insider now holds 93,171 shares.
Before that, Leon Jonathan A had added 7,500 shares to its account. In a trade valued at $118,725, the Officer bought Owens & Minor, Inc. shares for $15.83 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 drop of approximately -5.84%. Over the course of the year, Owens & Minor, Inc. shares have dropped approximately -31.45%. 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 $15.00, while a 200-day SMA reached $18.77. Nevertheless, trading volume fell to 0.83 million shares from 0.84 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 13.00, which, if violated, would cause prices to drop to 12.78. In the upper region, resistance lies at 13.49. The next price resistance is at 13.76. RSI (Relative Strength Index) is 35.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 92.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
