The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Oaktree Specialty Lending Corporation shares valued at $40,130 were purchased by CALDWELL PHYLLIS R on Feb 12 ’24. At $20.07 per share, CALDWELL PHYLLIS R acquired 2,000 shares. The insider’s holdings grew to 11,166 shares worth approximately $0.21 million following the completion of this transaction.
As published in a research note from Keefe Bruyette on February 02, 2024, Oaktree Specialty Lending Corporation [OCSL] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $19 from $22. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of August 04, 2023, Hovde Group has decreased its “an Outperform” rating to a “Market perform” for OCSL. Earlier on October 14, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for OCSL stock.
Analyzing OCSL Stock Performance
During the last five days, there has been a drop of approximately -0.47%. Over the course of the year, Oaktree Specialty Lending Corporation shares have dropped approximately -5.97%. Shares of the company reached a 52-week high of $21.64 on 01/24/24 and a 52-week low of $18.95 on 03/19/24. A 50-day SMA is recorded $19.46, while a 200-day SMA reached $19.91.
Support And Resistance Levels for Oaktree Specialty Lending Corporation (OCSL)
According to the 24-hour chart, there is a support level at 19.12, which, if violated, would cause prices to drop to 19.04. In the upper region, resistance lies at 19.26. The next price resistance is at 19.31. RSI (Relative Strength Index) is 43.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
