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Olaplex Holdings Inc (OLPX) receives a Market perform rating from Telsey Advisory Group

Olaplex Holdings Inc’s recent filing unveils that its Chief Executive Officer Baldwin Amanda acquired Company’s shares for reported $74390.0 on Nov 08 ’24. In the deal valued at $1.73 per share,43,000 shares were bought. As a result of this transaction, Baldwin Amanda now holds 3,205,055 shares worth roughly $5.61 million.

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Then, Tiziani Eric sold 25,086 shares, generating $33,866 in total proceeds. Upon selling the shares at $1.35, the Chief Financial Officer now owns 844,786 shares.

Before that, Belhumeur Kristi A sold 13,423 shares. Olaplex Holdings Inc shares valued at $24,833 were divested by the Senior VP of Accounting at a price of $1.85 per share. As a result of the transaction, Belhumeur Kristi A now holds 323,610 shares, worth roughly $0.57 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 fall -0.57% to $1.75. Over the last five days, the stock has gained 2.34%. Olaplex Holdings Inc shares have fallen nearly -31.10% since the year began. Nevertheless, the stocks have fallen -8.85% 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 $2.1162, while 200 days put it at $1.8781.

Levels Of Support And Resistance For OLPX Stock

The 24-hour chart illustrates a support level at 1.7200, which if violated will result in even more drops to 1.6900. On the upside, there is a resistance level at 1.7900. A further resistance level may holdings at 1.8300. The Relative Strength Index (RSI) on the 14-day chart is 38.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0510, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.42%. Stochastics %K at 46.68% indicates the stock is a holding.

How much short interest is there in Olaplex Holdings Inc?

A steep rise in short interest was recorded in Olaplex Holdings Inc stocks on 2024-10-31, dropping by -2.5 million shares to a total of 9.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.68 million shares. There was a decline of -27.16%, which implies that there is a negative sentiment for the stock.

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