OPY
Oppenheimer Holdings Inc. Financial Services - Capital Markets Investor Relations →
Oppenheimer Holdings Inc. (OPY) closed at $92.48 as of 2026-02-02, trading 93.4% above its 200-week moving average of $47.83. The stock moved further from the line this week, up from 76.8% last week. With a 14-week RSI of 78, OPY is in overbought territory.
Over the past 2213 weeks of data, OPY has crossed below its 200-week moving average 24 times. On average, these episodes lasted 35 weeks. Historically, investors who bought OPY at the start of these episodes saw an average one-year return of +19.0%.
With a market cap of $979 million, OPY is a small-cap stock. Return on equity stands at 16.7%, a solid level. The stock trades at 1.1x book value.
The company has been aggressively buying back shares, reducing its share count by 17.7% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in OPY would have grown to $2748, compared to $2849 for the S&P 500. OPY has returned 10.5% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: OPY vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OPY Crosses Below the Line?
Across 21 historical episodes, buying OPY when it crossed below its 200-week moving average produced an average return of +30.2% after 12 months (median +30.0%), compared to +16.9% for the S&P 500 over the same periods. 62% of those episodes were profitable after one year. After 24 months, the average return was +51.3% vs +27.0% for the index.
Each line shows $100 invested at the moment OPY crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OPY has crossed below its 200-week MA 24 times with an average 1-year return of +19.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1983 | Oct 1983 | 1 | 1.9% | -53.6% | +4709.7% |
| Feb 1984 | Aug 1986 | 132 | 62.8% | -48.1% | +4887.8% |
| Oct 1987 | Feb 1991 | 172 | 54.7% | N/A | +10259.4% |
| Jul 1994 | Aug 1994 | 7 | 4.4% | +24.6% | +2827.7% |
| Sep 1994 | Oct 1994 | 1 | 0.2% | +51.4% | +2566.8% |
| Nov 1994 | Apr 1995 | 19 | 7.2% | +51.9% | +2540.6% |
| Feb 1999 | Mar 1999 | 5 | 6.9% | +19.5% | +1067.3% |
| Jul 1999 | Aug 1999 | 3 | 2.4% | +36.1% | +992.4% |
| Sep 1999 | Sep 1999 | 2 | 1.8% | +52.3% | +959.9% |
| Oct 1999 | Jan 2000 | 15 | 5.3% | +52.9% | +964.4% |
| Oct 2002 | Oct 2002 | 1 | 1.7% | +50.7% | +655.3% |
| Jul 2004 | Nov 2004 | 17 | 16.5% | -16.6% | +488.1% |
| Dec 2004 | Apr 2006 | 72 | 24.6% | -20.2% | +473.9% |
| Jul 2006 | Jul 2006 | 1 | 1.1% | +132.4% | +489.8% |
| Jun 2008 | Nov 2009 | 74 | 75.2% | -33.2% | +379.1% |
| Jan 2010 | Feb 2011 | 54 | 21.0% | -4.8% | +390.2% |
| May 2011 | Jun 2011 | 4 | 3.0% | -47.3% | +399.2% |
| Jul 2011 | Nov 2013 | 122 | 47.1% | -38.1% | +399.0% |
| Aug 2015 | Sep 2015 | 4 | 7.6% | -11.1% | +530.3% |
| Oct 2015 | Oct 2017 | 106 | 29.5% | -14.9% | +565.4% |
| Mar 2020 | Aug 2020 | 22 | 29.7% | +83.1% | +373.6% |
| Sep 2020 | Oct 2020 | 3 | 6.5% | +99.4% | +359.3% |
| Sep 2022 | Oct 2022 | 4 | 7.2% | +25.6% | +216.2% |
| Oct 2023 | Oct 2023 | 1 | 3.6% | +62.8% | +186.2% |
| Average | 35 | — | +19.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02