Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $16.49 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 $16.32 million.
As published in a research note from JP Morgan on November 11, 2024, Orion S.A [OEC] has been rated up from a Neutral to an Overweight and the price target has been revised to $21 from $20. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in late March. As of April 14, 2023, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for OEC. Earlier on March 13, 2023, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for OEC stock.
Analyzing OEC Stock Performance
During the last five days, there has been a surge of approximately 3.24%. Over the course of the year, Orion S.A shares have dropped approximately -37.97%. Shares of the company reached a 52-week high of $27.73 on 01/02/24 and a 52-week low of $14.94 on 11/05/24. A 50-day SMA is recorded $16.59, while a 200-day SMA reached $21.07. Nevertheless, trading volume fell to 0.9 million shares from 0.99 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 16.88, which, if violated, would cause prices to drop to 16.57. In the upper region, resistance lies at 17.65. The next price resistance is at 18.11. RSI (Relative Strength Index) is 55.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 27.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
