Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Olaplex Holdings Inc shares valued at $74,390 were purchased by Baldwin Amanda on Nov 08 ’24. At $1.73 per share, Baldwin Amanda acquired 43,000 shares. The insider’s holdings grew to 3,205,055 shares worth approximately $5.61 million following the completion of this transaction.
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Also, Tiziani Eric sold 25,086 shares, netting a total of over 33,866 in proceeds. Following the sale of shares at $1.35 each, the insider now holds 844,786 shares.
Before that, Belhumeur Kristi A had sold 13,423 shares from its account. In a trade valued at $24,833, the Senior VP of Accounting traded Olaplex Holdings Inc shares for $1.85 each. Upon closing the transaction, the insider’s holdings decreased to 13,423 shares, worth approximately $0.57 million.
As published in a research note from Telsey Advisory Group on August 07, 2024, Olaplex Holdings Inc [OLPX] has been retained to a Market perform and the price target has been revised to $3. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of October 04, 2023, Barclays has increased its “an Underweight” rating to a “an Equal weight” for OLPX. Earlier on August 25, 2023, Piper Sandler downgraded its rating. Their new recommendation was “an Underweight” for OLPX stock which previously was a “a Neutral”.
Analyzing OLPX Stock Performance
During the last five days, there has been a drop of approximately -2.23%. Over the course of the year, Olaplex Holdings Inc shares have dropped approximately -31.10%. Shares of the company reached a 52-week high of $2.7700 on 09/19/24 and a 52-week low of $1.1900 on 04/23/24. A 50-day SMA is recorded $2.1350, while a 200-day SMA reached $1.8835. Nevertheless, trading volume fell to 2.38 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Olaplex Holdings Inc (OLPX)
According to the 24-hour chart, there is a support level at 1.7000, which, if violated, would cause prices to drop to 1.6500. In the upper region, resistance lies at 1.8200. The next price resistance is at 1.8900. RSI (Relative Strength Index) is 38.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1414, which suggests the price will decrease in the coming days. Percent R is at 53.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
