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 $492,480 were sold by SWYGERT JOHN W on Nov 27 ’24. At $102.60 per share, SWYGERT JOHN W sold 4,800 shares. The insider’s holdings dropped to 48,200 shares worth approximately $4.83 million following the completion of this transaction.
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Also, SWYGERT JOHN W sold 4,032 shares, netting a total of over 413,324 in proceeds. Following the sale of shares at $102.51 each, the insider now holds 48,200 shares.
Before that, JOHN SWYGERT had added 65,550 shares to its account. In a trade valued at $6,201,686, the Director bought Ollies Bargain Outlet Holdings Inc shares for $94.61 each.
As published in a research note from Wells Fargo on December 03, 2024, Ollies Bargain Outlet Holdings Inc [OLLI] has been rated down from an Overweight to an Equal weight and the price target has been revised to $95 from $100. Analysts at Gordon Haskett upgraded the stock from ‘”a Accumulate”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of June 17, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for OLLI.
Analyzing OLLI Stock Performance
During the last five days, there has been a drop of approximately -0.79%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have jumped approximately 32.15%. 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 $94.82, while a 200-day SMA reached $88.22. Nevertheless, trading volume fell to 0.8 million shares from 0.72 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 99.21, which, if violated, would cause prices to drop to 98.13. In the upper region, resistance lies at 101.32. The next price resistance is at 102.35. RSI (Relative Strength Index) is 59.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.32, which suggests the price will increase in the coming days. Percent R is at 15.92%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
