The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Owens & Minor, Inc shares valued at $62,433 were sold by Leon Jonathan A on Nov 21 ’24. At $11.82 per share, Leon Jonathan A sold 5,282 shares. The insider’s holdings dropped to 130,822 shares worth approximately $1.64 million following the completion of this transaction.
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Also, Leon Jonathan A purchased 5,282 shares, netting a total of over 62,433 in proceeds.
Before that, Sarkar Snehashish had sold 2,055 shares from its account. In a trade valued at $25,194, the Chief Information Officer traded Owens & Minor, Inc shares for $12.26 each. Upon closing the transaction, the insider’s holdings decreased to 2,055 shares, worth approximately $0.7 million.
As published in a research note from Citigroup on July 19, 2024, Owens & Minor, Inc [OMI] has been rated up from a Neutral to a Buy and the price target has been revised to $19 from $24. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for OMI. Earlier on October 13, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OMI stock which previously was a “a Buy”.
Analyzing OMI Stock Performance
During the last five days, there has been a drop of approximately -13.15%. Over the course of the year, Owens & Minor, Inc shares have dropped approximately -34.87%. Shares of the company reached a 52-week high of $28.35 on 04/04/24 and a 52-week low of $11.42 on 11/05/24. A 50-day SMA is recorded $13.31, while a 200-day SMA reached $17.24. Nevertheless, trading volume fell to 0.56 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Owens & Minor, Inc (OMI)
According to the 24-hour chart, there is a support level at 12.20, which, if violated, would cause prices to drop to 11.84. In the upper region, resistance lies at 13.21. The next price resistance is at 13.86. RSI (Relative Strength Index) is 40.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.75, which suggests the price will decrease in the coming days. Percent R is at 97.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
