Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Orasure Technologies Inc. shares valued at $194,219 were sold by Weber Kathleen Gallagher on Dec 19 ’23. At $8.05 per share, Weber Kathleen Gallagher sold 24,129 shares. The insider’s holdings dropped to 254,700 shares worth approximately $1.34 million following the completion of this transaction.
Also, Anthony Michele Marie sold 1,758 shares, netting a total of over 11,427 in proceeds. Following the sale of shares at $6.50 each, the insider now holds 86,188 shares.
Before that, McGrath Kenneth J had added 100,000 shares to its account. In a trade valued at $492,810, the Chief Financial Officer bought Orasure Technologies Inc. shares for $4.93 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $1.5 million.
Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late September. As of August 21, 2020, Evercore ISI has initiated its “an Outperform” rating for OSUR. Earlier on August 10, 2020, JP Morgan initiated its rating. Their recommendation was “a Neutral” for OSUR stock.
Analyzing OSUR Stock Performance
During the last five days, there has been a drop of approximately -9.01%. Over the course of the year, Orasure Technologies Inc. shares have dropped approximately -35.98%. Shares of the company reached a 52-week high of $8.45 on 01/04/24 and a 52-week low of $5.18 on 04/17/24. A 50-day SMA is recorded $6.55, while a 200-day SMA reached $6.42. Nevertheless, trading volume fell to 0.66 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Orasure Technologies Inc. (OSUR)
According to the 24-hour chart, there is a support level at 5.19, which, if violated, would cause prices to drop to 5.13. In the upper region, resistance lies at 5.32. The next price resistance is at 5.39. RSI (Relative Strength Index) is 22.69 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 94.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
