Owens & Minor shares are up over 80% this week on positive second-quarter results and up over 100% since we positively rated the stock on management buying on the 14th of May. This is what we said:
Sledd (Chairman since 2019, on board since 2007) purchased $570k of stock on 11th of May increasingly his holding by 49%. There was also a small purchase of $70k by Henkel (Non-Executive Director) who recently joined the board. These are the first purchases by any director since at least 2017. The purchase by Sledd is particularly notable, partly due to its size and partly as this is the first ever purchase in the stock despite joining the board in 2007. We are ranking the stock +N.
