Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ollies Bargain Outlet Holdings Inc shares valued at $227,327 were sold by Helm Robert F on Oct 17 ’24. At $94.68 per share, Helm Robert F sold 2,401 shares. The insider’s holdings dropped to 2,021 shares worth approximately $0.18 million following the completion of this transaction.
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Also, ROBERT HELM purchased 2,401 shares, netting a total of over 230,400 in proceeds.
Before that, van der Valk Eric had sold 7,479 shares from its account. In a trade valued at $750,268, the President traded Ollies Bargain Outlet Holdings Inc shares for $100.32 each. Upon closing the transaction, the insider’s holdings decreased to 7,479 shares, worth approximately $0.49 million.
As published in a research note from Gordon Haskett on August 26, 2024, Ollies Bargain Outlet Holdings Inc [OLLI] has been rated up from a Accumulate to a Buy and the price target has been revised to $107 from $105. Analysts at JP Morgan upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in mid June. Earlier on May 03, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for OLLI stock which previously was a “a Hold”.
Analyzing OLLI Stock Performance
During the last five days, there has been a drop of approximately -4.98%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have jumped approximately 15.38%. Shares of the company reached a 52-week high of $104.98 on 07/15/24 and a 52-week low of $68.05 on 04/03/24. A 50-day SMA is recorded $95.01, while a 200-day SMA reached $87.18. Nevertheless, trading volume fell to 0.92 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Ollies Bargain Outlet Holdings Inc (OLLI)
According to the 24-hour chart, there is a support level at 86.51, which, if violated, would cause prices to drop to 85.45. In the upper region, resistance lies at 88.99. The next price resistance is at 90.41. RSI (Relative Strength Index) is 33.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.60, which suggests the price will decrease in the coming days. Percent R is at 95.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
