Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Outset Medical Inc shares valued at $2,906 were sold by Nash Marc on Jul 24 ’24. At $4.02 per share, Nash Marc sold 723 shares. The insider’s holdings dropped to 240,690 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Brottem John L. sold 10,569 shares, netting a total of over 50,520 in proceeds. Following the sale of shares at $4.78 each, the insider now holds 233,306 shares.
Before that, GROSSMAN D KEITH had sold 38,117 shares from its account. In a trade valued at $144,234, the Director traded Outset Medical Inc shares for $3.78 each. Upon closing the transaction, the insider’s holdings decreased to 38,117 shares, worth approximately $39678.15.
As published in a research note from RBC Capital Mkts on August 08, 2024, Outset Medical Inc [OM] has been rated down from an Outperform to a Sector perform and the price target has been revised to $3 from $6. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in late June. As of April 08, 2024, BTIG Research has initiated its “Buy” rating for OM. Earlier on April 05, 2024, CL King upgraded its rating. Their new recommendation was “a Buy” for OM stock which previously was a “a Neutral”.
Analyzing OM Stock Performance
During the last five days, there has been a drop of approximately -75.50%. Over the course of the year, Outset Medical Inc shares have dropped approximately -84.60%. Shares of the company reached a 52-week high of $5.8800 on 01/03/24 and a 52-week low of $0.8200 on 08/14/24. A 50-day SMA is recorded $3.6376, while a 200-day SMA reached $3.7058. Nevertheless, trading volume fell to 2.75 million shares from 4.8 million shares the previous day.
Support And Resistance Levels for Outset Medical Inc (OM)
According to the 24-hour chart, there is a support level at 0.8070, which, if violated, would cause prices to drop to 0.7811. In the upper region, resistance lies at 0.8719. The next price resistance is at 0.9109. RSI (Relative Strength Index) is 15.36 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.7436, which suggests the price will decrease in the coming days. Percent R is at 99.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
