Owens & Minor, Inc’s recently made public that its 10% Owner Coliseum Capital Management, L acquired Company’s shares for reported $16.32 million on Feb 28 ’25. In the deal valued at $9.39 per share,1,738,511 shares were bought. As a result of this transaction, Coliseum Capital Management, L now holds 9,469,698 shares worth roughly $88.92 million.
Then, Coliseum Capital Management, L bought 800,000 shares, generating $7,800,000 in total proceeds. Upon buying the shares at $9.75, the 10% Owner now owns 10,624,599 shares.
Before that, Coliseum Capital Management, L bought 354,901 shares. Owens & Minor, Inc shares valued at $3,261,540 were divested by the 10% Owner at a price of $9.19 per share. As a result of the transaction, Coliseum Capital Management, L now holds 9,824,599 shares, worth roughly $92.25 million.
Citigroup upgraded its Owens & Minor, Inc [OMI] rating to a Buy from a a Neutral in a research note published on July 19, 2024; the price target was decreased to $19 from $24. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”a Market perform”‘ rating. Barclays began covering OMI with “an Equal weight” recommendation on January 03, 2024. Citigroup revised its rating on October 13, 2022. It rated OMI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OMI
On Friday, Owens & Minor, Inc [NYSE:OMI] saw its stock jump 1.51% to $9.39. Over the last five days, the stock has lost -6.10%. Owens & Minor, Inc shares have fallen nearly -28.16% since the year began. Nevertheless, the stocks have fallen -62.60% over the past one year. While a 52-week high of $28.35 was reached on 01/27/25, a 52-week low of $6.07 was recorded on 02/21/25. SMA at 50 days reached $10.91, while 200 days put it at $13.69.
Levels Of Support And Resistance For OMI Stock
The 24-hour chart illustrates a support level at 9.30, which if violated will result in even more drops to 9.21. On the upside, there is a resistance level at 9.53. A further resistance level may holdings at 9.67. The Relative Strength Index (RSI) on the 14-day chart is 49.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.74%. Stochastics %K at 74.13% indicates the stock is a holding.
How much short interest is there in Owens & Minor, Inc?
A steep rise in short interest was recorded in Owens & Minor, Inc stocks on 2025-02-28, growing by 0.21 million shares to a total of 4.83 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 4.62 million shares. There was a rise of 4.38%, which implies that there is a positive sentiment for the stock.
