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. Omega Healthcare Investors, Inc shares valued at $2,283,181 were sold by BOOTH DANIEL J on Sep 27 ’24. At $40.25 per share, BOOTH DANIEL J sold 56,725 shares. The insider’s holdings dropped to 100,000 shares worth approximately $4.25 million following the completion of this transaction.
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Also, STEPHENSON ROBERT O sold 22,542 shares, netting a total of over 905,963 in proceeds. Following the sale of shares at $40.19 each, the insider now holds 183,076 shares.
Before that, BOOTH DANIEL J had added 56,725 shares to its account. In a trade valued at $2,287,719, the Officer bought Omega Healthcare Investors, Inc shares for $40.33 each.
As published in a research note from Exane BNP Paribas on October 31, 2024, Omega Healthcare Investors, Inc [OHI] has been rated up from a Neutral to an Outperform and the price target has been revised to $49. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of July 25, 2024, Mizuho has decreased its “an Outperform” rating to a “Neutral” for OHI. Earlier on March 22, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for OHI stock which previously was a “a Neutral”.
Analyzing OHI Stock Performance
During the last five days, there has been a surge of approximately 1.80%. Over the course of the year, Omega Healthcare Investors, Inc shares have jumped approximately 38.52%. Shares of the company reached a 52-week high of $44.42 on 10/31/24 and a 52-week low of $27.53 on 02/05/24. A 50-day SMA is recorded $40.40, while a 200-day SMA reached $34.32. Nevertheless, trading volume fell to 2.58 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for Omega Healthcare Investors, Inc (OHI)
According to the 24-hour chart, there is a support level at 41.80, which, if violated, would cause prices to drop to 41.12. In the upper region, resistance lies at 43.78. The next price resistance is at 45.09. RSI (Relative Strength Index) is 70.42 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.88, which suggests the price will decrease in the coming days. Percent R is at 40.14%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
