While this happened, Wells Fargo upgraded its Bank OZK [OZK] rating to an Equal weight from a an Underweight in a research note published on January 21, 2025; the price target was increased to $48 from $40. Raymond James also remained covering OZK and has decreased its forecast on September 17, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on May 29, 2024. It rated OZK as “a Sell” which previously was an “a Buy”.
Price Performance Review of OZK
On Monday, Bank OZK [NASDAQ:OZK] saw its stock fall -3.31% to $40.25. Over the last five days, the stock has gained 6.00%. Bank OZK shares have fallen nearly -9.61% since the year began. Nevertheless, the stocks have fallen -3.75% over the past one year. While a 52-week high of $53.64 was reached on 02/06/25, a 52-week low of $35.71 was recorded on 04/09/25. SMA at 50 days reached $44.86, while 200 days put it at $44.81.
Levels Of Support And Resistance For OZK Stock
The 24-hour chart illustrates a support level at 39.59, which if violated will result in even more drops to 38.94. On the upside, there is a resistance level at 41.13. A further resistance level may holdings at 42.02. The Relative Strength Index (RSI) on the 14-day chart is 44.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.53%. Stochastics %K at 67.91% indicates the stock is a holding.
How much short interest is there in Bank OZK?
A steep rise in short interest was recorded in Bank OZK stocks on 2025-03-31, growing by 0.96 million shares to a total of 17.76 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 16.79 million shares. There was a rise of 5.43%, which implies that there is a positive sentiment for the stock.
