In a filing, Outset Medical Inc revealed its SVP Operations and R&D Nash Marc unloaded Company’s shares for reported $5093.0 on Mar 15 ’24. In the deal valued at $2.13 per share,2,391 shares were sold. As a result of this transaction, Nash Marc now holds 242,510 shares worth roughly $0.5 million.
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Then, Ahmed Nabeel sold 1,584 shares, generating $4,990 in total proceeds. Upon selling the shares at $3.15, the Chief Financial Officer now owns 322,877 shares.
Before that, Trigg Leslie sold 5,320 shares. Outset Medical Inc shares valued at $18,992 were divested by the Chair and CEO at a price of $3.57 per share. As a result of the transaction, Trigg Leslie now holds 833,091 shares, worth roughly $1.72 million.
RBC Capital Mkts downgraded its Outset Medical Inc [OM] rating to a Sector perform from a an Outperform in a research note published on January 12, 2024; the price target was decreased to $6 from $14. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “an Underperform”. CL King began covering OM with “Neutral” recommendation on August 17, 2023. RBC Capital Mkts started covering the stock on November 11, 2022. It rated OM as “an Outperform”.
Price Performance Review of OM
On Monday, Outset Medical Inc [NASDAQ:OM] saw its stock jump 3.27% to $2.06. Over the last five days, the stock has gained 2.75%. Outset Medical Inc shares have fallen nearly -62.01% since the year began. Nevertheless, the stocks have fallen -89.09% over the past one year. While a 52-week high of $24.13 was reached on 01/03/24, a 52-week low of $1.98 was recorded on 03/18/24. SMA at 50 days reached $3.1300, while 200 days put it at $9.4400. A total of 0.8 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For OM Stock
The 24-hour chart illustrates a support level at 1.9900, which if violated will result in even more drops to 1.9300. On the upside, there is a resistance level at 2.1200. A further resistance level may holdings at 2.1800. The Relative Strength Index (RSI) on the 14-day chart is 31.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3200, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.87%. Stochastics %K at 5.19% indicates the stock is a buying.
How much short interest is there in Outset Medical Inc?
A steep rise in short interest was recorded in Outset Medical Inc stocks on Feb 29, 2024, dropping by -0.23 million shares to a total of 8.09 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 8.32 million shares. There was a decline of -2.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.84% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.11.
