Owens & Minor Stock Faces Critical Support Test After Steep Decline

Owens & Minor shares continue to demonstrate significant weakness, posting another session of losses that brings the stock dangerously close to a crucial technical level. Investors are watching closely as the medical equipment distributor approaches its annual low.

The equity extended its downward trajectory on Friday, declining 1.09% to close at $2.72. This places the stock just above its critical 52-week low of $2.58, a level that market participants are monitoring for potential support. The company’s market valuation has now contracted to approximately $210 million amid the sustained selling pressure.

Trading activity occurred without any major corporate announcements, suggesting the negative momentum is becoming self-reinforcing. The prevailing bearish sentiment appears to be driving continued Read more...