A company insider recently bought 190 shares of Owl Rock Capital Corporation [ORCC]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Owl Rock Capital Corporation shares valued at $2,434 were purchased by Swatt Matthew on May 24. At $12.81 per share, Swatt Matthew acquired 190 shares. The insider’s holdings grew to 2,314 shares worth approximately $31239.0 following the completion of this transaction.


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Also, Weiler Melissa purchased 8,000 shares, netting a total of over 101,050 in proceeds. Following the buying of shares at $12.63 each, the insider now holds 28,000 shares.

Before that, Woolridge Victor had added 11,655 shares to its account. In a trade valued at $149,893, the Director bought Owl Rock Capital Corporation shares for $12.86 each. Upon closing the transaction, the insider’s holdings increased to 11,655 shares, worth approximately $0.16 million.

As published in a research note from Wells Fargo on July 25, 2022, Owl Rock Capital Corporation [ORCC] has been rated down from an Equal weight to an Underweight and the price target has been revised to $12 from $13.75. This represents a -12.5% premium over Wednesday’s closing price. Analysts at Hovde Group upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of March 07, 2022, Hovde Group has initiated its “Market perform” rating for ORCC. Earlier on April 01, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for ORCC stock.

Analyzing ORCC’s Price Performance

On Wednesday, Owl Rock Capital Corporation [NYSE: ORCC] plunged -1.96% to $13.50. The stock’s lowest price that day was $13.45, but it reached a high of $13.67 in the same session. During the last five days, there has been a surge of approximately 0.30%. Over the course of the year, Owl Rock Capital Corporation shares have dropped approximately -4.66%. Shares of the company reached a 52-week high of $15.33 on 04/18/22 and a 52-week low of $12.09 on 06/17/22. A 50-day SMA is recorded $12.85, while a 200-day SMA reached $13.98.

Support And Resistance Levels for Owl Rock Capital Corporation (ORCC)

According to the 24-hour chart, there is a support level at 13.41, which, if violated, would cause prices to drop to 13.32. In the upper region, resistance lies at 13.63. The next price resistance is at 13.76. RSI (Relative Strength Index) is 60.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.36, which suggests the price will decrease in the coming days. Percent R is at 28.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Owl Rock Capital Corporation subject to short interest?

Stocks of Owl Rock Capital Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.69 million shares to 8.65 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 9.34 million shares. A decline of -7.98% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.07 of the overall float, the days-to-cover ratio (short ratio) decline to 4.07.

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