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. Option Care Health Inc shares valued at $969,031 were purchased by KRAEMER HARRY M JANSEN JR on Nov 08 ’24. At $22.54 per share, KRAEMER HARRY M JANSEN JR acquired 43,000 shares. The insider’s holdings grew to 326,334 shares worth approximately $7.38 million following the completion of this transaction.
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Also, Pate R Carter sold 1,465 shares, netting a total of over 47,421 in proceeds. Following the sale of shares at $32.37 each, the insider now holds 36,126 shares.
Before that, SHAPIRO MICHAEL H. had sold 23,217 shares from its account. In a trade valued at $718,501, the Chief Financial Officer traded Option Care Health Inc shares for $30.95 each. Upon closing the transaction, the insider’s holdings decreased to 23,217 shares, worth approximately $5.59 million.
As published in their initiating research note from UBS on December 05, 2024, Option Care Health Inc [OPCH] has been a Neutral and the price target has been revised to $26. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 31, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for OPCH. Earlier on October 30, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for OPCH stock which previously was a “a Buy”.
Analyzing OPCH Stock Performance
During the last five days, there has been a drop of approximately -3.33%. Over the course of the year, Option Care Health Inc shares have dropped approximately -32.89%. Shares of the company reached a 52-week high of $34.63 on 02/22/24 and a 52-week low of $21.39 on 11/19/24. A 50-day SMA is recorded $25.06, while a 200-day SMA reached $29.09. Nevertheless, trading volume fell to 1.67 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for Option Care Health Inc (OPCH)
According to the 24-hour chart, there is a support level at 22.28, which, if violated, would cause prices to drop to 21.94. In the upper region, resistance lies at 22.96. The next price resistance is at 23.31. RSI (Relative Strength Index) is 38.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.41, which suggests the price will decrease in the coming days. Percent R is at 83.84%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
