Ouster Inc’s recently made public that its Chief Operating Officer SPENCER DARIEN unloaded Company’s shares for reported $1673.0 on Sep 17 ’24. In the deal valued at $6.36 per share,263 shares were sold. As a result of this transaction, SPENCER DARIEN now holds 305,612 shares worth roughly $2.14 million.
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Then, WEINSWIG MARK sold 2,540 shares, generating $15,655 in total proceeds. Upon selling the shares at $6.16, the Chief Financial Officer now owns 227,047 shares.
Before that, Chung Megan sold 2,644 shares. Ouster Inc shares valued at $16,296 were divested by the General Counsel and Secretary at a price of $6.16 per share. As a result of the transaction, Chung Megan now holds 160,707 shares, worth roughly $1.12 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 Friday, Ouster Inc [NYSE:OUST] saw its stock jump 5.58% to $7.00. Over the last five days, the stock has lost -7.28%. Ouster Inc shares have fallen nearly -8.74% since the year began. Nevertheless, the stocks have risen 85.19% 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 $6.78, while 200 days put it at $8.41.
Levels Of Support And Resistance For OUST Stock
The 24-hour chart illustrates a support level at 6.73, which if violated will result in even more drops to 6.47. On the upside, there is a resistance level at 7.27. A further resistance level may holdings at 7.54. The Relative Strength Index (RSI) on the 14-day chart is 47.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.96%. Stochastics %K at 14.99% 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 2024-10-15, dropping by -0.38 million shares to a total of 6.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.83 million shares. There was a decline of -5.92%, which implies that there is a negative sentiment for the stock.
