Orion S.A’s filing revealed that its Chief Executive Officer Painter Corning F. acquired Company’s shares for reported $0.18 million on Aug 22 ’24. In the deal valued at $17.69 per share,10,000 shares were bought. As a result of this transaction, Painter Corning F. now holds 958,776 shares worth roughly $18.01 million.
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Then, SMITH DAN F bought 2,500 shares, generating $46,325 in total proceeds. Upon buying the shares at $18.53, the Director now owns 78,772 shares.
Before that, Painter Corning F. bought 20,000 shares. Orion S.A shares valued at $349,671 were divested by the Chief Executive Officer at a price of $17.48 per share. As a result of the transaction, Painter Corning F. now holds 948,776 shares, worth roughly $17.82 million.
JP Morgan upgraded its Orion S.A [OEC] rating to an Overweight from a a Neutral in a research note published on November 11, 2024; the price target was increased to $21 from $20. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Neutral”‘ rating. JP Morgan also remained covering OEC and has decreased its forecast on April 14, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Credit Suisse started covering the stock on March 13, 2023. It rated OEC as “an Outperform”.
Price Performance Review of OEC
On Monday, Orion S.A [NYSE:OEC] saw its stock jump 4.04% to $18.78. Over the last five days, the stock has gained 4.10%. Orion S.A shares have fallen nearly -32.28% since the year began. Nevertheless, the stocks have fallen -20.09% over the past one year. While a 52-week high of $28.48 was reached on 01/02/24, a 52-week low of $14.94 was recorded on 11/05/24. SMA at 50 days reached $16.81, while 200 days put it at $20.87.
Levels Of Support And Resistance For OEC Stock
The 24-hour chart illustrates a support level at 18.37, which if violated will result in even more drops to 17.95. On the upside, there is a resistance level at 19.08. A further resistance level may holdings at 19.37. The Relative Strength Index (RSI) on the 14-day chart is 64.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.97%. Stochastics %K at 89.45% indicates the stock is a selling.
How much short interest is there in Orion S.A?
A steep rise in short interest was recorded in Orion S.A stocks on 2024-10-31, dropping by 13705.0 shares to a total of 0.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.49 million shares. There was a decline of -2.91%, which implies that there is a negative sentiment for the stock.
