The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Orion S.A shares valued at $176,900 were purchased by Painter Corning F. on Aug 22 ’24. At $17.69 per share, Painter Corning F. acquired 10,000 shares. The insider’s holdings grew to 958,776 shares worth approximately $15.15 million following the completion of this transaction.
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Also, SMITH DAN F purchased 2,500 shares, netting a total of over 46,325 in proceeds. Following the buying of shares at $18.53 each, the insider now holds 78,772 shares.
Before that, Painter Corning F. had added 20,000 shares to its account. In a trade valued at $349,671, the Chief Executive Officer bought Orion S.A shares for $17.48 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $14.99 million.
As published in their initiating research note from Mizuho on March 27, 2024, Orion S.A [OEC] has been a Neutral and the price target has been revised to $25. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of March 13, 2023, Credit Suisse has initiated its “an Outperform” rating for OEC. Earlier on June 18, 2021, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for OEC stock which previously was a “a Neutral”.
Analyzing OEC Stock Performance
During the last five days, there has been a drop of approximately -10.68%. Over the course of the year, Orion S.A shares have dropped approximately -43.02%. Shares of the company reached a 52-week high of $27.73 on 01/02/24 and a 52-week low of $15.17 on 10/24/24. A 50-day SMA is recorded $17.12, while a 200-day SMA reached $21.57. Nevertheless, trading volume fell to 0.93 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Orion S.A (OEC)
According to the 24-hour chart, there is a support level at 15.36, which, if violated, would cause prices to drop to 14.92. In the upper region, resistance lies at 16.05. The next price resistance is at 16.30. RSI (Relative Strength Index) is 37.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 75.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
