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A company insider recently bought 2,500 shares of Blue Owl Capital Corp [OBDC]. Should You Buy?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Blue Owl Capital Corp shares valued at $37,550 were purchased by DAlelio Edward H on Aug 27 ’24. At $15.02 per share, DAlelio Edward H acquired 2,500 shares. The insider’s holdings grew to 9,016 shares worth approximately $0.14 million following the completion of this transaction.

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Also, Nicholson Logan purchased 7,500 shares, netting a total of over 109,950 in proceeds. Following the buying of shares at $14.66 each, the insider now holds 10,000 shares.

Before that, Nicholson Logan had added 2,500 shares to its account. In a trade valued at $36,650, the President bought Blue Owl Capital Corp shares for $14.66 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $37725.0.

As published in a research note from Raymond James on August 09, 2024, Blue Owl Capital Corp [OBDC] has been rated down from an Outperform to a Mkt perform. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in early May. As of January 08, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for OBDC. Earlier on July 28, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for OBDC stock.

Analyzing OBDC Stock Performance

During the last five days, there has been a drop of approximately -0.33%. Over the course of the year, Blue Owl Capital Corp shares have jumped approximately 3.50%. Shares of the company reached a 52-week high of $16.91 on 06/03/24 and a 52-week low of $13.98 on 08/05/24. A 50-day SMA is recorded $14.83, while a 200-day SMA reached $15.32.

Support And Resistance Levels for Blue Owl Capital Corp (OBDC)

According to the 24-hour chart, there is a support level at 14.99, which, if violated, would cause prices to drop to 14.88. In the upper region, resistance lies at 15.23. The next price resistance is at 15.37. RSI (Relative Strength Index) is 56.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 39.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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