Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ODP Corporation shares valued at $99,859 were purchased by Schoppert Wendy Lee on Aug 09 ’24. At $25.77 per share, Schoppert Wendy Lee acquired 3,875 shares. The insider’s holdings grew to 3,875 shares worth approximately $0.1 million following the completion of this transaction.
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Also, SCAGLIONE DIEGO ANTHONY sold 25,000 shares, netting a total of over 1,375,000 in proceeds. Following the sale of shares at $55.00 each, the insider now holds 96,104 shares.
Before that, MOFFITT KEVIN had sold 12,070 shares from its account. In a trade valued at $611,382, the EVP, President of Office Depot traded ODP Corporation shares for $50.65 each. Upon closing the transaction, the insider’s holdings decreased to 12,070 shares, worth approximately $1.48 million.
As published in their initiating research note from Noble Capital Markets on August 23, 2023, ODP Corporation [ODP] has been an Outperform and the price target has been revised to $65. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of January 28, 2022, Colliers Securities has initiated its “Buy” rating for ODP. Earlier on February 25, 2021, UBS upgraded its rating. Their new recommendation was “a Neutral” for ODP stock which previously was a “a Sell”.
Analyzing ODP Stock Performance
During the last five days, there has been a surge of approximately 1.04%. Over the course of the year, ODP Corporation shares have dropped approximately -53.59%. Shares of the company reached a 52-week high of $58.13 on 02/29/24 and a 52-week low of $23.69 on 08/08/24. A 50-day SMA is recorded $29.06, while a 200-day SMA reached $38.90. Nevertheless, trading volume fell to 0.59 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for ODP Corporation (ODP)
According to the 24-hour chart, there is a support level at 25.84, which, if violated, would cause prices to drop to 25.54. In the upper region, resistance lies at 26.62. The next price resistance is at 27.10. RSI (Relative Strength Index) is 38.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 62.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
