Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oaktree Specialty Lending Corp shares valued at $21,726 were purchased by CALDWELL PHYLLIS R on Aug 13 ’24. At $16.29 per share, CALDWELL PHYLLIS R acquired 1,334 shares. The insider’s holdings grew to 12,500 shares worth approximately $0.21 million following the completion of this transaction.
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Also, CALDWELL PHYLLIS R purchased 2,000 shares, netting a total of over 40,130 in proceeds. Following the buying of shares at $20.07 each, the insider now holds 11,166 shares.
As published in a research note from Oppenheimer on August 02, 2024, Oaktree Specialty Lending Corp [OCSL] has been rated down from an Outperform to a Perform. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early February. As of January 08, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for OCSL. Earlier on August 04, 2023, Hovde Group downgraded its rating. Their new recommendation was “a Market perform” for OCSL stock which previously was a “an Outperform”.
Analyzing OCSL Stock Performance
During the last five days, there has been a surge of approximately 3.89%. Over the course of the year, Oaktree Specialty Lending Corp shares have dropped approximately -17.63%. Shares of the company reached a 52-week high of $21.64 on 01/24/24 and a 52-week low of $15.56 on 08/05/24. A 50-day SMA is recorded $18.17, while a 200-day SMA reached $19.46.
Support And Resistance Levels for Oaktree Specialty Lending Corp (OCSL)
According to the 24-hour chart, there is a support level at 16.60, which, if violated, would cause prices to drop to 16.39. In the upper region, resistance lies at 16.97. The next price resistance is at 17.13. RSI (Relative Strength Index) is 42.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 56.45%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
Which companies own the most shares of Oaktree Specialty Lending Corp (OCSL)?
On October 14, 2022, B. Riley Securities assigned a price target of “a Buy” to the stock and initiated coverage with a $6.25.
