Outset Medical Inc’s filing revealed that its General Counsel Brottem John L. unloaded Company’s shares for reported $50520.0 on Jun 12 ’24. In the deal valued at $4.78 per share,10,569 shares were sold. As a result of this transaction, Brottem John L. now holds 233,306 shares worth roughly $1.02 million.
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Then, GROSSMAN D KEITH sold 38,117 shares, generating $144,234 in total proceeds. Upon selling the shares at $3.78, the Director now owns 47,805 shares.
Before that, Trigg Leslie sold 5,237 shares. Outset Medical Inc shares valued at $18,487 were divested by the Chair and CEO at a price of $3.53 per share. As a result of the transaction, Trigg Leslie now holds 915,804 shares, worth roughly $4.02 million.
RBC Capital Mkts upgraded its Outset Medical Inc [OM] rating to an Outperform from a a Sector perform in a research note published on June 21, 2024; the price target was increased to $6 from $5. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. CL King also remained covering OM and has increased its forecast on April 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. RBC Capital Mkts revised its rating on January 12, 2024. It rated OM as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of OM
On Monday, Outset Medical Inc [NASDAQ:OM] saw its stock jump 1.39% to $4.39. Over the last five days, the stock has gained 14.03%. Outset Medical Inc shares have fallen nearly -18.85% since the year began. Nevertheless, the stocks have fallen -80.17% over the past one year. While a 52-week high of $22.47 was reached on 01/03/24, a 52-week low of $1.92 was recorded on 04/15/24. SMA at 50 days reached $3.39, while 200 days put it at $4.70. A total of 1.37 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For OM Stock
The 24-hour chart illustrates a support level at 4.20, which if violated will result in even more drops to 4.00. On the upside, there is a resistance level at 4.65. A further resistance level may holdings at 4.91. The Relative Strength Index (RSI) on the 14-day chart is 59.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.08%. Stochastics %K at 45.22% indicates the stock is a holding.
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