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 $16,324,618 were purchased by Coliseum Capital Management, L on Feb 28 ’25. At $9.39 per share, Coliseum Capital Management, L acquired 1,738,511 shares. The insider’s holdings grew to 9,469,698 shares worth approximately $83.24 million following the completion of this transaction.
Also, Coliseum Capital Management, L purchased 800,000 shares, netting a total of over 7,800,000 in proceeds. Following the buying of shares at $9.75 each, the insider now holds 10,624,599 shares.
Before that, Coliseum Capital Management, L had added 354,901 shares to its account. In a trade valued at $3,261,540, the 10% Owner bought Owens & Minor, Inc shares for $9.19 each. Upon closing the transaction, the insider’s holdings increased to 354,901 shares, worth approximately $86.36 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 -12.88%. Over the course of the year, Owens & Minor, Inc shares have dropped approximately -32.75%. Shares of the company reached a 52-week high of $15.54 on 01/27/25 and a 52-week low of $6.07 on 02/21/25. A 50-day SMA is recorded $10.23, while a 200-day SMA reached $13.37.
Support And Resistance Levels for Owens & Minor, Inc (OMI)
According to the 24-hour chart, there is a support level at 8.69, which, if violated, would cause prices to drop to 8.58. In the upper region, resistance lies at 8.99. The next price resistance is at 9.18. RSI (Relative Strength Index) is 43.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 99.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
