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. Blue Owl Capital Inc shares valued at $71,167,500 were sold by Glide Path Solutions 2020, L.P on Jan 29 ’24. At $15.81 per share, Glide Path Solutions 2020, L.P sold 4,500,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Glide Path Solutions 2020, L.P sold 2,000,000 shares, netting a total of over 31,630,000 in proceeds. Following the sale of shares at $15.81 each, the insider now holds 0 shares.
As published in a research note from UBS on April 02, 2024, Blue Owl Capital Inc [OWL] has been rated up from a Neutral to a Buy and the price target has been revised to $22 from $18. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. Earlier on October 20, 2023, UBS downgraded its rating. Their new recommendation was “a Neutral” for OWL stock which previously was a “a Buy”.
Analyzing OWL Stock Performance
During the last five days, there has been a drop of approximately -2.32%. Over the course of the year, Blue Owl Capital Inc shares have jumped approximately 27.05%. Shares of the company reached a 52-week high of $19.87 on 04/03/24 and a 52-week low of $14.37 on 01/03/24. A 50-day SMA is recorded $17.75, while a 200-day SMA reached $14.15. Nevertheless, trading volume fell to 3.44 million shares from 5.61 million shares the previous day.
Support And Resistance Levels for Blue Owl Capital Inc (OWL)
According to the 24-hour chart, there is a support level at 18.72, which, if violated, would cause prices to drop to 18.51. In the upper region, resistance lies at 19.22. The next price resistance is at 19.51. RSI (Relative Strength Index) is 57.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 53.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Blue Owl Capital Inc subject to short interest?
Stocks of Blue Owl Capital Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -1.22 million shares to 17.39 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 18.61 million shares. A decline of -7.02% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.78 of the overall float, the days-to-cover ratio (short ratio) decline to 3.78.
