In a filing, Open Text Corp revealed its Officer BRIAN SWEENEY acquired Company’s shares for reported $0.2 million on Nov 05 ’24. In the deal valued at $28.93 per share,6,787 shares were bought.
UBS initiated its Open Text Corp [OTEX] rating to a Neutral in a research note published on December 17, 2024; the price target was $32. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Sector perform”. National Bank Financial also remained covering OTEX and has decreased its forecast on August 02, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. BMO Capital Markets revised its rating on May 03, 2024. It rated OTEX as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of OTEX
On Tuesday, Open Text Corp [NASDAQ:OTEX] saw its stock jump 0.48% to $27.17. Over the last five days, the stock has gained 6.67%. Open Text Corp shares have fallen nearly -4.06% since the year began. Nevertheless, the stocks have fallen -23.98% over the past one year. While a 52-week high of $36.05 was reached on 02/07/25, a 52-week low of $22.79 was recorded on 04/07/25. SMA at 50 days reached $25.93, while 200 days put it at $29.46.
Levels Of Support And Resistance For OTEX Stock
The 24-hour chart illustrates a support level at 26.97, which if violated will result in even more drops to 26.78. On the upside, there is a resistance level at 27.30. A further resistance level may holdings at 27.44. The Relative Strength Index (RSI) on the 14-day chart is 61.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.97%. Stochastics %K at 94.77% indicates the stock is a selling.
How much short interest is there in Open Text Corp?
A steep rise in short interest was recorded in Open Text Corp stocks on 2025-04-15, dropping by -0.3 million shares to a total of 7.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 7.31 million shares. There was a decline of -4.26%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 27, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $45 price target.
