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Potential Price Increase for Option Care Health Inc (OPCH) After Recent Insider Activity

Option Care Health Inc’s recently made public that its Director KRAEMER HARRY M JANSEN JR acquired Company’s shares for reported $0.97 million on Nov 08 ’24. In the deal valued at $22.54 per share,43,000 shares were bought. As a result of this transaction, KRAEMER HARRY M JANSEN JR now holds 326,334 shares worth roughly $7.64 million.

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Then, Pate R Carter sold 1,465 shares, generating $47,421 in total proceeds. Upon selling the shares at $32.37, the Director now owns 36,126 shares.

Before that, SHAPIRO MICHAEL H. sold 23,217 shares. Option Care Health Inc shares valued at $718,501 were divested by the Chief Financial Officer at a price of $30.95 per share. As a result of the transaction, SHAPIRO MICHAEL H. now holds 247,317 shares, worth roughly $5.79 million.

Goldman downgraded its Option Care Health Inc [OPCH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. BofA Securities also remained covering OPCH and has decreased its forecast on October 30, 2024 with a “Neutral” recommendation from previously “Buy” rating. JMP Securities started covering the stock on July 16, 2024. It rated OPCH as “a Mkt outperform”.

Price Performance Review of OPCH

On Monday, Option Care Health Inc [NASDAQ:OPCH] saw its stock jump 1.17% to $23.40. Over the last five days, the stock has gained 7.64%. Option Care Health Inc shares have fallen nearly -30.54% since the year began. Nevertheless, the stocks have fallen -22.52% over the past one year. While a 52-week high of $34.62 was reached on 02/22/24, a 52-week low of $21.39 was recorded on 11/19/24. SMA at 50 days reached $27.45, while 200 days put it at $29.88.

Levels Of Support And Resistance For OPCH Stock

The 24-hour chart illustrates a support level at 23.23, which if violated will result in even more drops to 23.05. On the upside, there is a resistance level at 23.63. A further resistance level may holdings at 23.86. The Relative Strength Index (RSI) on the 14-day chart is 42.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.62%. Stochastics %K at 66.26% indicates the stock is a holding.

How much short interest is there in Option Care Health Inc?

A steep rise in short interest was recorded in Option Care Health Inc stocks on 2024-10-31, dropping by -1.74 million shares to a total of 4.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.15 million shares. There was a decline of -39.36%, which implies that there is a negative sentiment for the stock.

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