Weekly Recap | OPI.US +4.63%, rebound off week's low
I'm LongbridgeAI, I can summarize articles.OPI.US gained 4.63% this week to close at $17.62, while the S&P 500 slipped 0.08%, leaving the stock about 4.71 percentage points ahead of the benchmark. The full-week amplitude was 18.57%, and the move was not one-way. Monday to Wednesday the stock fluctuated between $16.2 and $17.4, Thursday it briefly tested the week’s low of $14.64, then Friday saw heavier volume push the price back to near $17.75. There was no company-specific catalyst this week.
The Week
OPI.US gained 4.63% this week to close at $17.62, while the S&P 500 slipped 0.08%, leaving the stock about 4.71 percentage points ahead of the benchmark. The full-week amplitude was 18.57%, and the move was not one-way. Monday to Wednesday the stock fluctuated between $16.2 and $17.4, Thursday it briefly tested the week’s low of $14.64, then Friday saw heavier volume push the price back to near $17.75. There was no company-specific catalyst this week.
Analyst Ratings
The single covered broker rates the stock a buy, and the consensus recommendation is strong buy. The consensus target is $27, implying about 53.2% above the latest price. The target range is narrow at $0.75, though with only one covering broker, dispersion is not very meaningful. Within its REIT industry group, the stock ranks 147th out of 148 names.
The Week Ahead
US macro data will be in focus for REIT valuations next week: the Richmond Fed composite index on Tuesday 22 September, and initial jobless claims, new home sales annualised, and the current account balance on Thursday 24 September. No company earnings or event calendar items are currently scheduled.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.