Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Open Text Corp shares valued at $196,334 were purchased by BRIAN SWEENEY on Nov 05 ’24. At $28.93 per share, BRIAN SWEENEY acquired 6,787 shares.
As published in their initiating research note from UBS on December 17, 2024, Open Text Corp [OTEX] has been a Neutral and the price target has been revised to $32. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early November. As of August 02, 2024, National Bank Financial has decreased its “an Outperform” rating to a “Sector perform” for OTEX. Earlier on May 03, 2024, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for OTEX stock which previously was a “an Outperform”.
Analyzing OTEX Stock Performance
During the last five days, there has been a surge of approximately 1.09%. Over the course of the year, Open Text Corp shares have dropped approximately -8.58%. Shares of the company reached a 52-week high of $31.75 on 02/07/25 and a 52-week low of $22.79 on 04/07/25. A 50-day SMA is recorded $26.05, while a 200-day SMA reached $29.55.
Support And Resistance Levels for Open Text Corp (OTEX)
According to the 24-hour chart, there is a support level at 25.68, which, if violated, would cause prices to drop to 25.47. In the upper region, resistance lies at 26.25. The next price resistance is at 26.61. RSI (Relative Strength Index) is 52.95 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 14.13%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
