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 $413,324 were sold by SWYGERT JOHN W on Nov 25 ’24. At $102.51 per share, SWYGERT JOHN W sold 4,032 shares. The insider’s holdings dropped to 48,200 shares worth approximately $4.87 million following the completion of this transaction.
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Also, JOHN SWYGERT purchased 65,550 shares, netting a total of over 6,201,686 in proceeds.
Before that, Helm Robert F had sold 2,401 shares from its account. In a trade valued at $227,327, the EVP/CFO traded Ollies Bargain Outlet Holdings Inc shares for $94.68 each. Upon closing the transaction, the insider’s holdings decreased to 2,401 shares, worth approximately $0.2 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 surge of approximately 15.45%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have jumped approximately 33.21%. 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 $94.91, while a 200-day SMA reached $87.70. Nevertheless, trading volume fell to 1.25 million shares from 2.1 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 100.08, which, if violated, would cause prices to drop to 99.07. In the upper region, resistance lies at 102.43. The next price resistance is at 103.78. RSI (Relative Strength Index) is 64.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.50, which suggests the price will increase in the coming days. Percent R is at 10.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
