Owens & Minor (OMI) : Traders are bullish on Owens & Minor (OMI) as it has outperformed the S&P 500 by a wide margin of 0.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.76%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.93% in the last 1 week, and is up 0.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.92% and the 50-Day Moving Average is 1.32%.The 200 Day SMA reached 3.82%
Owens & Minor (NYSE:OMI): After opening at $34.4, the stock dipped to an intraday low of $34.4 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.83 and the buying power remained strong till the end. The stock closed at $34.73 for the day, a gain of 1.11% for the day session. The total traded volume was 686,214. The stocks close on the previous trading day was $34.73.
Owens & Minor (OMI) : 4 investment research analysts covering Owens & Minor (OMI) have an average price target of $34.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $32 for the short term. Analysts expect the variance to be within $1.73 of the average price.
Owens & Minor, Inc. is a healthcare logistics company. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company operates in two segments: Domestic and International. Domestic segment includes all functions in the United States relating to its role as a healthcare logistics company providing distribution, packaging and logistics services to healthcare providers and manufacturers. International segment consists of its European third-party logistics and packaging businesses. It is focused on its operations on healthcare logistics services and provides its customers with a service portfolio that covers procurement, inventory management, delivery and sourcing of products for the healthcare market. Its customers include hospitals, integrated healthcare systems, group purchasing organizations, manufacturers of life-science and medical devices and supplies, including pharmaceuticals.