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A company insider recently bought 2,000 shares of Oaktree Specialty Lending Corp [OCSL]. Should You Buy?

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 Corp 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.

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As published in a research note from Keefe Bruyette on February 02, 2024, Oaktree Specialty Lending Corp [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 -2.62%. Over the course of the year, Oaktree Specialty Lending Corp shares have dropped approximately -7.00%. Shares of the company reached a 52-week high of $21.64 on 01/24/24 and a 52-week low of $18.70 on 06/17/24. A 50-day SMA is recorded $19.39, while a 200-day SMA reached $19.82.

Support And Resistance Levels for Oaktree Specialty Lending Corp (OCSL)

According to the 24-hour chart, there is a support level at 18.94, which, if violated, would cause prices to drop to 18.88. In the upper region, resistance lies at 19.07. The next price resistance is at 19.14. RSI (Relative Strength Index) is 39.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 73.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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