In a filing, Ouster Inc revealed its Director MADDOCK ERNEST E acquired Company’s shares for reported $62320.0 on Aug 16 ’24. In the deal valued at $7.79 per share,8,000 shares were bought. As a result of this transaction, MADDOCK ERNEST E now holds 69,119 shares worth roughly $0.52 million.
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Then, BOULET VIRGINIA bought 10,000 shares, generating $78,200 in total proceeds. Upon buying the shares at $7.82, the Director now owns 208,284 shares.
Before that, Heystee Susan sold 6,400 shares. Ouster Inc shares valued at $50,112 were divested by the Director at a price of $7.83 per share. As a result of the transaction, Heystee Susan now holds 110,967 shares, worth roughly $0.84 million.
Cantor Fitzgerald downgraded its Ouster Inc [OUST] rating to a Neutral from a an Overweight in a research note published on May 22, 2024; the price target was increased to $13 from $8. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Chardan Capital Markets also remained covering OUST and has increased its forecast on July 14, 2023 with a “Buy” recommendation from previously “Neutral” rating. Citigroup revised its rating on December 07, 2022. It rated OUST as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OUST
On Monday, Ouster Inc [NYSE:OUST] saw its stock fall -0.78% to $7.59. Over the last five days, the stock has lost -3.31%. Ouster Inc shares have fallen nearly -1.04% since the year began. Nevertheless, the stocks have risen 33.16% over the past one year. While a 52-week high of $16.88 was reached on 07/16/24, a 52-week low of $3.67 was recorded on 03/14/24. SMA at 50 days reached $11.12, while 200 days put it at $8.27.
Levels Of Support And Resistance For OUST Stock
The 24-hour chart illustrates a support level at 7.42, which if violated will result in even more drops to 7.26. On the upside, there is a resistance level at 7.75. A further resistance level may holdings at 7.92. The Relative Strength Index (RSI) on the 14-day chart is 27.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.72%. Stochastics %K at 3.34% indicates the stock is a buying.
How much short interest is there in Ouster Inc?
A steep rise in short interest was recorded in Ouster Inc stocks on 2024-07-31, growing by 1.87 million shares to a total of 5.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.71 million shares. There was a rise of 33.54%, which implies that there is a positive sentiment for the stock.
