In a filing, Oaktree Specialty Lending Corp revealed its Director CALDWELL PHYLLIS R acquired Company’s shares for reported $21726.0 on Aug 13 ’24. In the deal valued at $16.29 per share,1,334 shares were bought. As a result of this transaction, CALDWELL PHYLLIS R now holds 12,500 shares worth roughly $0.21 million.
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Then, CALDWELL PHYLLIS R bought 2,000 shares, generating $40,130 in total proceeds. Upon buying the shares at $20.07, the Director now owns 11,166 shares.
Wells Fargo downgraded its Oaktree Specialty Lending Corp [OCSL] rating to an Equal weight from a an Overweight in a research note published on August 26, 2024; the price target was decreased to $17 from $18. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Perform”. Keefe Bruyette also remained covering OCSL and has decreased its forecast on February 02, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. B. Riley Securities revised its rating on January 08, 2024. It rated OCSL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OCSL
On Monday, Oaktree Specialty Lending Corp [NASDAQ:OCSL] saw its stock fall -0.18% to $16.99. Over the last five days, the stock has gained 0.65%. Oaktree Specialty Lending Corp shares have fallen nearly -16.80% since the year began. Nevertheless, the stocks have fallen -12.53% over the past one year. While a 52-week high of $21.64 was reached on 01/24/24, a 52-week low of $15.56 was recorded on 08/05/24. SMA at 50 days reached $17.80, while 200 days put it at $19.38.
Levels Of Support And Resistance For OCSL Stock
The 24-hour chart illustrates a support level at 16.87, which if violated will result in even more drops to 16.76. On the upside, there is a resistance level at 17.10. A further resistance level may holdings at 17.22. The Relative Strength Index (RSI) on the 14-day chart is 46.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.50%. Stochastics %K at 89.23% indicates the stock is a selling.
How much short interest is there in Oaktree Specialty Lending Corp?
A steep rise in short interest was recorded in Oaktree Specialty Lending Corp stocks on 2024-07-31, dropping by -1.46 million shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.1 million shares. There was a decline of -226.04%, which implies that there is a negative sentiment for the stock.
