Investing in Owl Rock Capital Corporation (ORCC): What You Must Know

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Owl Rock Capital Corporation’s filing revealed that its Vice President Maged Alexis acquired Company’s shares for reported $49829.0 on Sep 09. In the deal valued at $12.98 per share,3,840 shares were bought. As a result of this transaction, Maged Alexis now holds 38,840 shares worth roughly $ 0.5 million.


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Then, Maged Alexis bought 29,595 shares, generating $385,035 in total proceeds. Upon buying the shares at $13.01, the Vice President now owns 48,435 shares.

Before that, Swatt Matthew bought 190 shares. Owl Rock Capital Corporation shares valued at $2,434 were divested by the Co-Treasurer and Co-Controller at a price of $12.81 per share. As a result of the transaction, Swatt Matthew now holds 2,314 shares, worth roughly $29572.92.

Wells Fargo downgraded its Owl Rock Capital Corporation [ORCC] rating to an Underweight from a an Equal weight in a research note published on Friday, July 25, 2022; the price target was decreased to $12 from $13.75. PT values the company’s stock at a premium of -6.5 to its Friday closing price. A number of analysts have revised their coverage, including Hovde Group’s analysts, who increased its forecast for the stock in early May from “a Market perform” to “an Outperform”. Hovde Group began covering ORCC with “Market perform” recommendation on March 07, 2022. Oppenheimer started covering the stock on April 01, 2021. It rated ORCC as “an Outperform”.

Price Performance Review of ORCC

On Friday, Owl Rock Capital Corporation [NYSE:ORCC] saw its stock jump 1.27% to $12.78. On the same session, the stock had its day’s lowest price of $12.655, but rose to a high of $13.2192. Over the last five days, the stock has gained 9.23%. Owl Rock Capital Corporation shares have fallen nearly -9.75% since the year began. Nevertheless, the stocks have fallen -11.92% over the past one year. While a 52-week high of $15.33 was reached on 04/18/22, a 52-week low of $10.18 was recorded on 10/03/22. SMA at 50 days reached $11.75, while 200 days put it at $13.32.

Levels Of Support And Resistance For ORCC Stock

The 24-hour chart illustrates a support level at 12.55, which if violated will result in even more drops to 12.32. On the upside, there is a resistance level at 13.11. A further resistance level may holdings at 13.45. The Relative Strength Index (RSI) on the 14-day chart is 70.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.21%. Stochastics %K at 83.97% indicates the stock is a selling.

How much short interest is there in Owl Rock Capital Corporation?

A steep rise in short interest was recorded in Owl Rock Capital Corporation stocks on Jul 14, 2022, dropping by -0.69 million shares to a total of 8.65 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.34 million shares. There was a decline of -7.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.19% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.07.

According to FactSet, Owl Rock Capital Corporation’s share price will average $14.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.86 percent from its previous closing price of $12.62. Analysts expect Owl Rock Capital Corporation stock to reach the higher price of $16.00, while the lowest price estimate is $11.50. However, 11 analysts have rated ORCC stock as a Buy in their predictions for 2022.

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