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 $717,125 were sold by HENDRICKSON THOMAS on Dec 16 ’24. At $114.74 per share, HENDRICKSON THOMAS sold 6,250 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Kraus Larry sold 10,646 shares, netting a total of over 1,230,465 in proceeds. Following the sale of shares at $115.58 each, the insider now holds 1,905 shares.
Before that, THOMAS T HENDRICKS had added 6,250 shares to its account. In a trade valued at $717,139, the Director bought Ollies Bargain Outlet Holdings Inc shares for $114.74 each.
As published in a research note from Citigroup on December 18, 2024, Ollies Bargain Outlet Holdings Inc [OLLI] has been rated up from a Sell to a Buy and the price target has been revised to $133 from $64. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early December. As of August 26, 2024, Gordon Haskett has increased its “Accumulate” rating to a “Buy” for OLLI. Earlier on June 17, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for OLLI stock which previously was a “a Neutral”.
Analyzing OLLI Stock Performance
During the last five days, there has been a drop of approximately -4.81%. Over the course of the year, Ollies Bargain Outlet Holdings Inc shares have dropped approximately -4.81%. Shares of the company reached a 52-week high of $111.92 on 01/02/25 and a 52-week low of $102.38 on 01/08/25. A 50-day SMA is recorded $102.18, while a 200-day SMA reached $91.98. Nevertheless, trading volume fell to 0.74 million shares from 1.15 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 102.94, which, if violated, would cause prices to drop to 101.42. In the upper region, resistance lies at 105.41. The next price resistance is at 106.36. RSI (Relative Strength Index) is 43.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.66, which suggests the price will decrease in the coming days. Percent R is at 88.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
