Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 -3.28%. Over the course of the year, Blue Owl Capital Inc shares have jumped approximately 22.89%. 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 $18.03, while a 200-day SMA reached $14.33. Nevertheless, trading volume fell to 2.84 million shares from 3.7 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 18.11, which, if violated, would cause prices to drop to 17.90. In the upper region, resistance lies at 18.55. The next price resistance is at 18.78. RSI (Relative Strength Index) is 48.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 77.23%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
