Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.2 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 Wells Fargo on August 26, 2024, Oaktree Specialty Lending Corp [OCSL] has been rated down from an Overweight to an Equal weight and the price target has been revised to $17 from $18. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early August. As of February 02, 2024, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for OCSL. Earlier on January 08, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for OCSL stock which previously was a “a Buy”.
Analyzing OCSL Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, Oaktree Specialty Lending Corp shares have dropped approximately -21.20%. 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 $17.10, while a 200-day SMA reached $19.12.
Support And Resistance Levels for Oaktree Specialty Lending Corp (OCSL)
According to the 24-hour chart, there is a support level at 15.91, which, if violated, would cause prices to drop to 15.73. In the upper region, resistance lies at 16.26. The next price resistance is at 16.44. RSI (Relative Strength Index) is 35.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 84.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.