Owens & Minor, Inc’s filing revealed that its EVP, Chief Financial Officer Leon Jonathan A unloaded Company’s shares for reported $62433.0 on Nov 21 ’24. In the deal valued at $11.82 per share,5,282 shares were sold. As a result of this transaction, Leon Jonathan A now holds 130,822 shares worth roughly $1.88 million.
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Then, Leon Jonathan A bought 5,282 shares, generating $62,433 in total proceeds.
Before that, Sarkar Snehashish sold 2,055 shares. Owens & Minor, Inc shares valued at $25,194 were divested by the Chief Information Officer at a price of $12.26 per share. As a result of the transaction, Sarkar Snehashish now holds 55,886 shares, worth roughly $0.8 million.
Citigroup upgraded its Owens & Minor, Inc [OMI] rating to a Buy from a a Neutral in a research note published on July 19, 2024; the price target was decreased to $19 from $24. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”a Market perform”‘ rating. Barclays began covering OMI with “an Equal weight” recommendation on January 03, 2024. Citigroup revised its rating on October 13, 2022. It rated OMI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OMI
On Tuesday, Owens & Minor, Inc [NYSE:OMI] saw its stock jump 1.70% to $14.34. Over the last five days, the stock has gained 5.05%. Owens & Minor, Inc shares have fallen nearly -25.58% since the year began. Nevertheless, the stocks have fallen -33.73% over the past one year. While a 52-week high of $28.35 was reached on 04/04/24, a 52-week low of $11.42 was recorded on 11/05/24. SMA at 50 days reached $13.50, while 200 days put it at $17.79.
Levels Of Support And Resistance For OMI Stock
The 24-hour chart illustrates a support level at 14.07, which if violated will result in even more drops to 13.80. On the upside, there is a resistance level at 14.52. A further resistance level may holdings at 14.70. The Relative Strength Index (RSI) on the 14-day chart is 60.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.36%. Stochastics %K at 90.58% indicates the stock is a selling.
How much short interest is there in Owens & Minor, Inc?
A steep rise in short interest was recorded in Owens & Minor, Inc stocks on 2024-11-15, dropping by -1.06 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.62 million shares. There was a decline of -29.58%, which implies that there is a negative sentiment for the stock.
