Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oshkosh Corp shares valued at $471,565 were sold by Khare Anupam on Feb 09 ’24. At $111.38 per share, Khare Anupam sold 4,234 shares. The insider’s holdings dropped to 13,499 shares worth approximately $1.52 million following the completion of this transaction.
Also, Johnson James W. sold 7,000 shares, netting a total of over 730,380 in proceeds. Following the sale of shares at $104.34 each, the insider now holds 47,439 shares.
Before that, Brandt Bryan K had sold 3,250 shares from its account. In a trade valued at $336,798, the SVP & Chief Marketing Officer traded Oshkosh Corp shares for $103.63 each. Upon closing the transaction, the insider’s holdings decreased to 3,250 shares, worth approximately $0.89 million.
As published in their initiating research note from Truist on March 14, 2024, Oshkosh Corp [OSK] has been a Hold and the price target has been revised to $121. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of January 08, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for OSK. Earlier on November 13, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for OSK stock which previously was a “an In-line”.
Analyzing OSK Stock Performance
During the last five days, there has been a drop of approximately -6.99%. Over the course of the year, Oshkosh Corp shares have jumped approximately 4.02%. Shares of the company reached a 52-week high of $127.98 on 04/08/24 and a 52-week low of $102.67 on 01/17/24. A 50-day SMA is recorded $117.52, while a 200-day SMA reached $104.47. Nevertheless, trading volume fell to 0.55 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Oshkosh Corp (OSK)
According to the 24-hour chart, there is a support level at 111.62, which, if violated, would cause prices to drop to 110.47. In the upper region, resistance lies at 114.05. The next price resistance is at 115.33. RSI (Relative Strength Index) is 34.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.06, which suggests the price will decrease in the coming days. Percent R is at 92.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
