In a filing, Olaplex Holdings Inc revealed its Chief Financial Officer Tiziani Eric unloaded Company’s shares for reported $33866.0 on Apr 16 ’24. In the deal valued at $1.35 per share,25,086 shares were sold. As a result of this transaction, Tiziani Eric now holds 844,786 shares worth roughly $1.56 million.
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Then, Belhumeur Kristi A sold 13,423 shares, generating $24,833 in total proceeds. Upon selling the shares at $1.85, the Senior VP of Accounting now owns 323,610 shares.
Before that, Belhumeur Kristi A sold 6,260 shares. Olaplex Holdings Inc shares valued at $8,451 were divested by the Senior VP of Accounting at a price of $1.35 per share. As a result of the transaction, Belhumeur Kristi A now holds 317,350 shares, worth roughly $0.59 million.
Telsey Advisory Group reiterated its Olaplex Holdings Inc [OLPX] rating to a Market perform in a research note published on August 07, 2024; the price target was $3. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “a Neutral”. Barclays also remained covering OLPX and has increased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating. Piper Sandler revised its rating on August 25, 2023. It rated OLPX as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of OLPX
On Friday, Olaplex Holdings Inc [NASDAQ:OLPX] saw its stock jump 3.93% to $1.85. Over the last five days, the stock has lost -8.42%. Olaplex Holdings Inc shares have fallen nearly -27.17% since the year began. Nevertheless, the stocks have risen 36.03% over the past one year. While a 52-week high of $2.98 was reached on 09/19/24, a 52-week low of $1.19 was recorded on 04/23/24. SMA at 50 days reached $2.2122, while 200 days put it at $1.9088.
Levels Of Support And Resistance For OLPX Stock
The 24-hour chart illustrates a support level at 1.8000, which if violated will result in even more drops to 1.7500. On the upside, there is a resistance level at 1.8900. A further resistance level may holdings at 1.9300. The Relative Strength Index (RSI) on the 14-day chart is 36.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1355, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.43%. Stochastics %K at 18.31% indicates the stock is a buying.
How much short interest is there in Olaplex Holdings Inc?
A steep rise in short interest was recorded in Olaplex Holdings Inc stocks on 2024-10-15, dropping by -6.7 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.44 million shares. There was a decline of -68.76%, which implies that there is a negative sentiment for the stock.
