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Analyzing Ouster Inc (OUST) After Recent Trading Activity

Ouster Inc’s recent filing unveils that its Chief Financial Officer WEINSWIG MARK unloaded Company’s shares for reported $0.19 million on Apr 02 ’24. In the deal valued at $9.35 per share,19,990 shares were sold. As a result of this transaction, WEINSWIG MARK now holds 236,800 shares worth roughly $2.15 million.

Then, Chung Megan sold 5,776 shares, generating $45,976 in total proceeds. Upon selling the shares at $7.96, the General Counsel and Secretary now owns 163,966 shares.

Before that, SPENCER DARIEN sold 286 shares. Ouster Inc shares valued at $1,384 were divested by the Chief Operating Officer at a price of $4.84 per share. As a result of the transaction, SPENCER DARIEN now holds 252,873 shares, worth roughly $2.29 million.

Chardan Capital Markets downgraded its Ouster Inc [OUST] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “a Buy”. Citigroup also remained covering OUST and has decreased its forecast on December 07, 2022 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on November 08, 2022. It rated OUST as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of OUST

On Tuesday, Ouster Inc [NYSE:OUST] saw its stock fall -2.47% to $9.07. Over the last five days, the stock has gained 19.97%. Ouster Inc shares have risen nearly 18.25% since the year began. Nevertheless, the stocks have risen 156.21% over the past one year. While a 52-week high of $11.40 was reached on 04/04/24, a 52-week low of $3.27 was recorded on 03/14/24. SMA at 50 days reached $6.71, while 200 days put it at $5.80. A total of 0.75 million shares were traded, compared to the trading of 0.95 million shares in the previous session.

Levels Of Support And Resistance For OUST Stock

The 24-hour chart illustrates a support level at 8.93, which if violated will result in even more drops to 8.78. On the upside, there is a resistance level at 9.23. A further resistance level may holdings at 9.38. The Relative Strength Index (RSI) on the 14-day chart is 64.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.12%. Stochastics %K at 82.34% indicates the stock is a selling.

The most recent change occurred on October 25, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $2 price target.

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