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Recent Insider Activity Suggests Potential Gains for Ollies Bargain Outlet Holdings Inc (OLLI)

Ollies Bargain Outlet Holdings Inc’s recent filing unveils that its EVP/CFO Helm Robert F unloaded Company’s shares for reported $0.23 million on Oct 17 ’24. In the deal valued at $94.68 per share,2,401 shares were sold. As a result of this transaction, Helm Robert F now holds 2,021 shares worth roughly $0.19 million.

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Then, ROBERT HELM bought 2,401 shares, generating $230,400 in total proceeds.

Before that, van der Valk Eric sold 7,479 shares. Ollies Bargain Outlet Holdings Inc shares valued at $750,268 were divested by the President at a price of $100.32 per share. As a result of the transaction, van der Valk Eric now holds 5,615 shares, worth roughly $0.52 million.

Gordon Haskett upgraded its Ollies Bargain Outlet Holdings Inc [OLLI] rating to a Buy from a a Accumulate in a research note published on August 26, 2024; the price target was increased to $107 from $105. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid June from “a Neutral” to “an Overweight”. Truist revised its rating on May 03, 2024. It rated OLLI as “a Buy” which previously was an “a Hold”.

Price Performance Review of OLLI

On Friday, Ollies Bargain Outlet Holdings Inc [NASDAQ:OLLI] saw its stock fall -0.65% to $91.93. Over the last five days, the stock has lost -7.14%. Ollies Bargain Outlet Holdings Inc shares have risen nearly 21.14% since the year began. Nevertheless, the stocks have risen 14.13% over the past one year. While a 52-week high of $104.98 was reached on 07/15/24, a 52-week low of $68.05 was recorded on 04/03/24. SMA at 50 days reached $95.31, while 200 days put it at $86.96.

Levels Of Support And Resistance For OLLI Stock

The 24-hour chart illustrates a support level at 91.25, which if violated will result in even more drops to 90.56. On the upside, there is a resistance level at 92.94. A further resistance level may holdings at 93.94. The Relative Strength Index (RSI) on the 14-day chart is 43.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.37%. Stochastics %K at 28.81% indicates the stock is a holding.

How much short interest is there in Ollies Bargain Outlet Holdings Inc?

A steep rise in short interest was recorded in Ollies Bargain Outlet Holdings Inc stocks on 2024-10-31, growing by 0.94 million shares to a total of 4.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.18 million shares. There was a rise of 22.8%, which implies that there is a positive sentiment for the stock.

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