Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ouster Inc shares valued at $186,948 were sold by WEINSWIG MARK on Apr 02 ’24. At $9.35 per share, WEINSWIG MARK sold 19,990 shares. The insider’s holdings dropped to 236,800 shares worth approximately $2.33 million following the completion of this transaction.
Also, Chung Megan sold 5,776 shares, netting a total of over 45,976 in proceeds. Following the sale of shares at $7.96 each, the insider now holds 163,966 shares.
Before that, SPENCER DARIEN had sold 286 shares from its account. In a trade valued at $1,384, the Chief Operating Officer traded Ouster Inc shares for $4.84 each. Upon closing the transaction, the insider’s holdings decreased to 286 shares, worth approximately $2.49 million.
As published in a research note from Chardan Capital Markets on April 03, 2024, Ouster Inc [OUST] has been rated down from a Buy to a Neutral. Analysts at Chardan Capital Markets upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of December 07, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for OUST. Earlier on November 08, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for OUST stock which previously was a “an Outperform”.
Analyzing OUST Stock Performance
During the last five days, there has been a surge of approximately 6.02%. Over the course of the year, Ouster Inc shares have jumped approximately 28.55%. Shares of the company reached a 52-week high of $11.40 on 04/04/24 and a 52-week low of $4.65 on 03/14/24. A 50-day SMA is recorded $7.21, while a 200-day SMA reached $5.91. Nevertheless, trading volume fell to 0.77 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Ouster Inc (OUST)
According to the 24-hour chart, there is a support level at 9.39, which, if violated, would cause prices to drop to 8.92. In the upper region, resistance lies at 10.15. The next price resistance is at 10.44. RSI (Relative Strength Index) is 67.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.06, which suggests the price will increase in the coming days. Percent R is at 10.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
