Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. OmniAb Inc shares valued at $36,648 were sold by GUSTAFSON KURT A on Apr 08 ’24. At $5.27 per share, GUSTAFSON KURT A sold 6,954 shares. The insider’s holdings dropped to 176,697 shares worth approximately $0.81 million following the completion of this transaction.
Also, Berkman Charles S sold 6,954 shares, netting a total of over 36,648 in proceeds. Following the sale of shares at $5.27 each, the insider now holds 292,617 shares.
Before that, GUSTAFSON KURT A had sold 11,849 shares from its account. In a trade valued at $64,696, the Executive VP, Finance & CFO traded OmniAb Inc shares for $5.46 each. Upon closing the transaction, the insider’s holdings decreased to 11,849 shares, worth approximately $0.78 million.
As published in their initiating research note from RBC Capital Mkts on November 29, 2023, OmniAb Inc [OABI] has been an Outperform and the price target has been revised to $6. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of April 13, 2023, Craig Hallum has initiated its “Buy” rating for OABI. Earlier on February 22, 2023, Cowen initiated its rating. Their recommendation was “an Outperform” for OABI stock.
Analyzing OABI Stock Performance
Over the course of the year, OmniAb Inc shares have dropped approximately -26.09%. Shares of the company reached a 52-week high of $6.72 on 01/09/24 and a 52-week low of $4.40 on 04/26/24. A 50-day SMA is recorded $5.24, while a 200-day SMA reached $5.31. Nevertheless, trading volume fell to 0.47 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for OmniAb Inc (OABI)
According to the 24-hour chart, there is a support level at 4.43, which, if violated, would cause prices to drop to 4.31. In the upper region, resistance lies at 4.66. The next price resistance is at 4.76. RSI (Relative Strength Index) is 36.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 81.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of OmniAb Inc (OABI)?
On February 13, 2023, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $11.
