Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Option Care Health Inc shares valued at $47,421 were sold by Pate R Carter on Sep 03 ’24. At $32.37 per share, Pate R Carter sold 1,465 shares. The insider’s holdings dropped to 36,126 shares worth approximately $0.83 million following the completion of this transaction.
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Also, SHAPIRO MICHAEL H. sold 23,217 shares, netting a total of over 718,501 in proceeds. Following the sale of shares at $30.95 each, the insider now holds 247,317 shares.
Before that, BETTEN ELIZABETH QUADROS had sold 47,531 shares from its account. In a trade valued at $1,477,530, the Director traded Option Care Health Inc shares for $31.09 each. Upon closing the transaction, the insider’s holdings decreased to 47,531 shares, worth approximately $0.49 million.
As published in a research note from Jefferies on October 31, 2024, Option Care Health Inc [OPCH] has been rated down from a Buy to a Hold and the price target has been revised to $26 from $38. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 16, 2024, JMP Securities has initiated its “Mkt outperform” rating for OPCH.
Analyzing OPCH Stock Performance
During the last five days, there has been a drop of approximately -22.58%. Over the course of the year, Option Care Health Inc shares have dropped approximately -31.61%. Shares of the company reached a 52-week high of $34.63 on 02/22/24 and a 52-week low of $22.84 on 10/31/24. A 50-day SMA is recorded $30.63, while a 200-day SMA reached $30.66. Nevertheless, trading volume fell to 5.17 million shares from 8.47 million shares the previous day.
Support And Resistance Levels for Option Care Health Inc (OPCH)
According to the 24-hour chart, there is a support level at 22.70, which, if violated, would cause prices to drop to 22.36. In the upper region, resistance lies at 23.52. The next price resistance is at 24.00. RSI (Relative Strength Index) is 21.99 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.73, which suggests the price will decrease in the coming days. Percent R is at 97.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
