Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Olaplex Holdings Inc shares valued at $90,470 were purchased by BILBREY JOHN P on Nov 18 ’24. At $1.75 per share, BILBREY JOHN P acquired 51,697 shares. The insider’s holdings grew to 318,418 shares worth approximately $0.58 million following the completion of this transaction.
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Also, BILBREY JOHN P purchased 25,128 shares, netting a total of over 44,225 in proceeds. Following the buying of shares at $1.76 each, the insider now holds 266,721 shares.
Before that, Baldwin Amanda had added 43,000 shares to its account. In a trade valued at $74,390, the Chief Executive Officer bought Olaplex Holdings Inc shares for $1.73 each. Upon closing the transaction, the insider’s holdings increased to 43,000 shares, worth approximately $5.83 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 surge of approximately 4.00%. Over the course of the year, Olaplex Holdings Inc shares have dropped approximately -28.35%. 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 $2.0964, while a 200-day SMA reached $1.8689. Nevertheless, trading volume fell to 2.58 million shares from 1.18 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 1.7500, which, if violated, would cause prices to drop to 1.6800. In the upper region, resistance lies at 1.8900. The next price resistance is at 1.9600. RSI (Relative Strength Index) is 45.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0069, which suggests the price will decrease in the coming days. Percent R is at 15.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
