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. OSI Systems, Inc. shares valued at $94,302 were sold by Chandra Shalabh on Jun 12 ’24. At $139.50 per share, Chandra Shalabh sold 676 shares. The insider’s holdings dropped to 8,192 shares worth approximately $1.26 million following the completion of this transaction.
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Also, EDRICK ALAN I sold 30,386 shares, netting a total of over 4,368,084 in proceeds. Following the sale of shares at $143.75 each, the insider now holds 310,529 shares.
Before that, EDRICK ALAN I had sold 13,696 shares from its account. In a trade valued at $1,952,228, the EVP & CFO traded OSI Systems, Inc. shares for $142.54 each. Upon closing the transaction, the insider’s holdings decreased to 13,696 shares, worth approximately $45.8 million.
As published in their initiating research note from Imperial Capital on July 27, 2021, OSI Systems, Inc. [OSIS] has been an Outperform and the price target has been revised to $140. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of November 13, 2020, Berenberg has initiated its “Buy” rating for OSIS. Earlier on August 24, 2018, B. Riley FBR resumed its rating. Their recommendation was “a Buy” for OSIS stock.
Analyzing OSIS Stock Performance
During the last five days, there has been a surge of approximately 5.98%. Over the course of the year, OSI Systems, Inc. shares have jumped approximately 19.55%. Shares of the company reached a 52-week high of $158.69 on 08/22/24 and a 52-week low of $120.42 on 01/17/24. A 50-day SMA is recorded $141.63, while a 200-day SMA reached $133.81. Nevertheless, trading volume fell to 0.62 million shares from 81800.0 shares the previous day.
Support And Resistance Levels for OSI Systems, Inc. (OSIS)
According to the 24-hour chart, there is a support level at 147.96, which, if violated, would cause prices to drop to 141.64. In the upper region, resistance lies at 159.64. The next price resistance is at 165.01. RSI (Relative Strength Index) is 67.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.82, which suggests the price will increase in the coming days. Percent R is at 14.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
