What's Going On With O'Reilly Automotive Stock?

O'Reilly Automotive, Inc. ORLY shares are trading higher on Tuesday. The over 4.5% price move added a sizable gain to the stock's recent rally.

What To Know: After shares of O'Reilly Automotive hit a 52-week high in mid-November, the stock trended lower all the way into the beginning of last week.

While shares made smaller gains throughout the rest of last week, it wasn't until Tuesday that the stock blasted higher, pushing above a great deal of the resistance created during the downtrend. However, it is worth noting that the stock currently remains below the high hit in November.

O'Reilly Automotive stock received a few price target changes over the past several weeks as well, ranging from $986 to $1150.

ORLY Price Action: Shares of O'Reilly Automotive were up 3.57% at $987.13 at the time of publication, according to Benzinga Pro.

Image by Ryan Doka from Pixabay

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