Ocular Therapeutix Inc’s filing revealed that its insider Dugel Pravin unloaded Company’s shares for reported $0.13 million on May 23 ’24. In the deal valued at $5.79 per share,21,626 shares were sold. As a result of this transaction, Dugel Pravin now holds 833,353 shares worth roughly $4.79 million.
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Then, Nayak Sanjay sold 2,274 shares, generating $13,280 in total proceeds. Upon selling the shares at $5.84, the Chief Strategy Officer now owns 178,026 shares.
Before that, SUMMER ROAD LLC bought 930,851 shares. Ocular Therapeutix Inc shares valued at $7,000,000 were divested by the 10% Owner at a price of $7.52 per share. As a result of the transaction, SUMMER ROAD LLC now holds 8,591,401 shares, worth roughly $49.4 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Robert W. Baird began covering OCUL with “an Outperform” recommendation on April 21, 2023.
Price Performance Review of OCUL
On Friday, Ocular Therapeutix Inc [NASDAQ:OCUL] saw its stock jump 14.09% to $5.75. Over the last five days, the stock has gained 16.40%. Ocular Therapeutix Inc shares have risen nearly 28.92% since the year began. Nevertheless, the stocks have risen 8.29% over the past one year. While a 52-week high of $11.31 was reached on 03/06/24, a 52-week low of $2.00 was recorded on 01/19/24. SMA at 50 days reached $5.96, while 200 days put it at $5.15. A total of 4.78 million shares were traded, compared to the trading of 2.95 million shares in the previous session.
Levels Of Support And Resistance For OCUL Stock
The 24-hour chart illustrates a support level at 5.21, which if violated will result in even more drops to 4.68. On the upside, there is a resistance level at 6.18. A further resistance level may holdings at 6.62. The Relative Strength Index (RSI) on the 14-day chart is 52.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.58%. Stochastics %K at 35.12% indicates the stock is a holding.
