In a filing, Blue Owl Capital Inc revealed its 10% Owner Glide Path Solutions 2020, L.P unloaded Company’s shares for reported $71.17 million on Jan 29 ’24. In the deal valued at $15.81 per share,4,500,000 shares were sold. As a result of this transaction, Glide Path Solutions 2020, L.P now holds 0 shares worth roughly $0.0.
Then, Glide Path Solutions 2020, L.P sold 2,000,000 shares, generating $31,630,000 in total proceeds. Upon selling the shares at $15.81, the 10% Owner now owns 0 shares.
UBS upgraded its Blue Owl Capital Inc [OWL] rating to a Buy from a a Neutral in a research note published on April 02, 2024; the price target was increased to $22 from $18. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. UBS revised its rating on October 20, 2023. It rated OWL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OWL
On Friday, Blue Owl Capital Inc [NYSE:OWL] saw its stock jump 1.26% to $19.28. Over the last five days, the stock has gained 2.23%. Blue Owl Capital Inc shares have risen nearly 29.40% since the year began. Nevertheless, the stocks have risen 77.04% over the past one year. While a 52-week high of $19.87 was reached on 04/03/24, a 52-week low of $9.70 was recorded on 01/03/24. SMA at 50 days reached $17.55, while 200 days put it at $14.03. A total of 4.74 million shares were traded, compared to the trading of 8.22 million shares in the previous session.
Levels Of Support And Resistance For OWL Stock
The 24-hour chart illustrates a support level at 19.06, which if violated will result in even more drops to 18.84. On the upside, there is a resistance level at 19.44. A further resistance level may holdings at 19.59. The Relative Strength Index (RSI) on the 14-day chart is 67.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.53%. Stochastics %K at 76.76% indicates the stock is a holding.
How much short interest is there in Blue Owl Capital Inc?
A steep rise in short interest was recorded in Blue Owl Capital Inc stocks on Mar 15, 2024, dropping by -1.22 million shares to a total of 17.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 18.61 million shares. There was a decline of -7.02%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.81% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.78.
