Blue Owl Capital Inc’s recently made public that its Controlled affiliate Blue Owl Exchange LP acquired Company’s shares for reported $32.43 million on Sep 04 ’24. In the deal valued at $17.64 per share,1,838,539 shares were bought.
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Then, NBSH Blue Investments II, LLC bought 4,085,924 shares, generating $68,888,679 in total proceeds.
Before that, Glide Path Solutions 2020, L.P sold 4,500,000 shares. Blue Owl Capital Inc shares valued at $71,167,500 were divested by the 10% Owner at a price of $15.81 per share. As a result of the transaction, Glide Path Solutions 2020, L.P now holds 0 shares, worth roughly $0.0.
Wells Fargo initiated its Blue Owl Capital Inc [OWL] rating to an Equal weight in a research note published on September 12, 2024; the price target was $18.50. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in early August from “a Perform” to “an Outperform”. TD Cowen also remained covering OWL and has decreased its forecast on July 08, 2024 with a “Hold” recommendation from previously “Buy” rating.
Price Performance Review of OWL
On Tuesday, Blue Owl Capital Inc [NYSE:OWL] saw its stock fall -2.53% to $23.16. Over the last five days, the stock has gained 6.38%. Blue Owl Capital Inc shares have risen nearly 55.44% since the year began. Nevertheless, the stocks have risen 87.23% over the past one year. While a 52-week high of $24.17 was reached on 10/18/24, a 52-week low of $12.11 was recorded on 01/03/24. SMA at 50 days reached $18.97, while 200 days put it at $18.03.
Levels Of Support And Resistance For OWL Stock
The 24-hour chart illustrates a support level at 22.73, which if violated will result in even more drops to 22.31. On the upside, there is a resistance level at 23.65. A further resistance level may holdings at 24.14. The Relative Strength Index (RSI) on the 14-day chart is 74.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.52%. Stochastics %K at 87.59% indicates the stock is a selling.
How much short interest is there in Blue Owl Capital Inc?
A steep rise in short interest was recorded in Blue Owl Capital Inc stocks on 2024-09-30, growing by 11.01 million shares to a total of 45.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 34.3 million shares. There was a rise of 24.3%, which implies that there is a positive sentiment for the stock.
