Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens & Minor, Inc shares valued at $25,194 were sold by Sarkar Snehashish on Nov 18 ’24. At $12.26 per share, Sarkar Snehashish sold 2,055 shares. The insider’s holdings dropped to 55,886 shares worth approximately $0.66 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, Sarkar Snehashish purchased 2,055 shares, netting a total of over 25,194 in proceeds.
Before that, Bruni Alexander J had added 3,384 shares to its account. In a trade valued at $53,921, the Former Officer bought Owens & Minor, Inc shares for $15.93 each.
As published in a research note from Citigroup on July 19, 2024, Owens & Minor, Inc [OMI] has been rated up from a Neutral to a Buy and the price target has been revised to $19 from $24. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for OMI. Earlier on October 13, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OMI stock which previously was a “a Buy”.
Analyzing OMI Stock Performance
During the last five days, there has been a drop of approximately -3.18%. Over the course of the year, Owens & Minor, Inc shares have dropped approximately -38.30%. Shares of the company reached a 52-week high of $28.35 on 04/04/24 and a 52-week low of $11.42 on 11/05/24. A 50-day SMA is recorded $13.86, while a 200-day SMA reached $18.10. Nevertheless, trading volume fell to 0.54 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Owens & Minor, Inc (OMI)
According to the 24-hour chart, there is a support level at 11.63, which, if violated, would cause prices to drop to 11.38. In the upper region, resistance lies at 12.30. The next price resistance is at 12.72. RSI (Relative Strength Index) is 39.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 79.74%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
