ODP Corporation’s recent filing unveils that its Director Schoppert Wendy Lee acquired Company’s shares for reported $99859.0 on Aug 09 ’24. In the deal valued at $25.77 per share,3,875 shares were bought. As a result of this transaction, Schoppert Wendy Lee now holds 3,875 shares worth roughly $0.1 million.
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Then, SCAGLIONE DIEGO ANTHONY sold 25,000 shares, generating $1,375,000 in total proceeds. Upon selling the shares at $55.00, the EVP & Chief Financial Officer now owns 96,104 shares.
Noble Capital Markets initiated its ODP Corporation [ODP] rating to an Outperform in a research note published on August 23, 2023; the price target was $65. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Colliers Securities began covering ODP with “Buy” recommendation on January 28, 2022. UBS revised its rating on February 25, 2021. It rated ODP as “a Neutral” which previously was an “a Sell”.
Price Performance Review of ODP
On Tuesday, ODP Corporation [NASDAQ:ODP] saw its stock jump 0.53% to $26.55. Over the last five days, the stock has lost -6.42%. ODP Corporation shares have fallen nearly -52.84% since the year began. Nevertheless, the stocks have fallen -48.15% over the past one year. While a 52-week high of $58.98 was reached on 02/29/24, a 52-week low of $23.69 was recorded on 08/08/24. SMA at 50 days reached $28.33, while 200 days put it at $37.16.
Levels Of Support And Resistance For ODP Stock
The 24-hour chart illustrates a support level at 26.16, which if violated will result in even more drops to 25.76. On the upside, there is a resistance level at 26.92. A further resistance level may holdings at 27.28. The Relative Strength Index (RSI) on the 14-day chart is 45.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.76%. Stochastics %K at 60.99% indicates the stock is a holding.
How much short interest is there in ODP Corporation?
A steep rise in short interest was recorded in ODP Corporation stocks on 2024-11-29, dropping by -1.07 million shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.11 million shares. There was a decline of -35.14%, which implies that there is a negative sentiment for the stock.
