An Important Test for Omega Healthcare Investors, Inc. (OHI)

The stock of Omega Healthcare Investors, Inc. (NYSE:OHI) has been Upgraded to Strong Buy from Outperform by Raymond James in its latest research note that was published on August 08. Stifel analysts have downgraded their rating of OHI stock from Buy to Hold in a separate flash note to investors on February 07. Analysts at Stifel issued an upgrade fromHold to Buy for the stock, in a research note that dated back to November 29.

Omega Healthcare Investors, Inc., which has current market capitalization of above $9 Billion, published its last quarter earnings on June 30, 2019.

OHI surged by $0.77 during the normal trading session on Thursday and reaching a high of $41.43 during the day while it closed the day at $41.16. The Omega stock had a low trading volume of 1.56 million shares on that day, which is low compared to the average daily volume of 1.68M shares. OHI has also lost 0.56% of its value over the past 7 days. However, the stock has surged by 13.20% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.18% while it has added 17.10% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -1.22% from its 3 months high price. However, taking another look at OHI will indicate that it is trading +16.33% away from its 90-day low. Looking at the bigger picture, the Omega Healthcare Investors, Inc. stock has dropped by -1.22% from its 52-week high while it has surged by +29.88% from its 52-week low price.

On August 26, 2019 BOOTH DANIEL J, COO sold 20000 shares of the company. The average price for that transaction was $40.24 per share, which meant that BOOTH DANIEL J earned $804800 selling the stocks. The sale was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Chief Accounting Officer, Ritz Michael selling 5000 shares of this stock on August 23, 2019. The average selling price for the stock was $40.5 per share, with the sold stock accruing $202500. Following this transaction, the Chief Accounting Officer Ritz Michael now holds 210130 shares of the company, which is worth around $8543886.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 91.89%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 86.25%. Over the past 20 days, Omega’s Stochastic %K stood at 73.48% while its Stochastic %D was revealed to be 77.28%.