Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ouster Inc shares valued at $2,696 were sold by SPENCER DARIEN on Jun 18 ’24. At $10.87 per share, SPENCER DARIEN sold 248 shares. The insider’s holdings dropped to 309,719 shares worth approximately $3.28 million following the completion of this transaction.
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Also, BOULET VIRGINIA purchased 10,000 shares, netting a total of over 102,969 in proceeds. Following the buying of shares at $10.30 each, the insider now holds 163,089 shares.
Before that, SPENCER DARIEN had sold 3,836 shares from its account. In a trade valued at $42,737, the Chief Operating Officer traded Ouster Inc shares for $11.14 each. Upon closing the transaction, the insider’s holdings decreased to 3,836 shares, worth approximately $3.28 million.
As published in a research note from Cantor Fitzgerald on May 22, 2024, Ouster Inc [OUST] has been rated down from an Overweight to a Neutral and the price target has been revised to $13 from $8. Analysts at Chardan Capital Markets downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of July 14, 2023, Chardan Capital Markets has increased its “Neutral” rating to a “Buy” for OUST. Earlier on December 07, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for OUST stock which previously was a “a Buy”.
Analyzing OUST Stock Performance
During the last five days, there has been a drop of approximately -14.95%. Over the course of the year, Ouster Inc shares have jumped approximately 37.94%. Shares of the company reached a 52-week high of $16.88 on 07/16/24 and a 52-week low of $4.65 on 03/14/24. A 50-day SMA is recorded $11.82, while a 200-day SMA reached $8.00. Nevertheless, trading volume fell to 0.83 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for Ouster Inc (OUST)
According to the 24-hour chart, there is a support level at 10.34, which, if violated, would cause prices to drop to 10.11. In the upper region, resistance lies at 10.80. The next price resistance is at 11.03. RSI (Relative Strength Index) is 37.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.99, which suggests the price will decrease in the coming days. Percent R is at 92.80%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
Which companies own the most shares of Ouster Inc (OUST)?
On November 08, 2022, Robert W. Baird assigned a price target of “a Neutral” to the stock and downgraded coverage with a $1.50.
