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Blue Owl Capital Inc [OWL] Shares Jump Approximately 53.11% Over the Year

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. Blue Owl Capital Inc shares valued at $71,167,500 were sold by Glide Path Solutions 2020, L.P on Jan 29 ’24. At $15.81 per share, Glide Path Solutions 2020, L.P sold 4,500,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Glide Path Solutions 2020, L.P sold 2,000,000 shares, netting a total of over 31,630,000 in proceeds. Following the sale of shares at $15.81 each, the insider now holds 0 shares.

Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early April. As of January 04, 2024, TD Cowen has initiated its “an Outperform” rating for OWL.

Analyzing OWL Stock Performance

During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Blue Owl Capital Inc shares have jumped approximately 18.99%. Shares of the company reached a 52-week high of $19.87 on 04/03/24 and a 52-week low of $14.37 on 01/03/24. A 50-day SMA is recorded $18.18, while a 200-day SMA reached $16.03. Nevertheless, trading volume fell to 1.69 million shares from 4.47 million shares the previous day.

Support And Resistance Levels for Blue Owl Capital Inc (OWL)

According to the 24-hour chart, there is a support level at 17.50, which, if violated, would cause prices to drop to 17.31. In the upper region, resistance lies at 17.88. The next price resistance is at 18.07. RSI (Relative Strength Index) is 48.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 39.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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