The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. OSI Systems, Inc shares valued at $3,077,400 were sold by CHOPRA DEEPAK on Nov 12 ’24. At $153.87 per share, CHOPRA DEEPAK sold 20,000 shares. The insider’s holdings dropped to 424,323 shares worth approximately $74.05 million following the completion of this transaction.
Also, CHOPRA DEEPAK sold 15,000 shares, netting a total of over 2,301,250 in proceeds. Following the sale of shares at $153.42 each, the insider now holds 0 shares.
Before that, CHOPRA 2012 IRREVOCABLE TRUST had added 5,000 shares to its account. In a trade valued at $767,326, the spouse bought OSI Systems, Inc shares for $153.47 each.
As published in their initiating research note from BofA Securities on September 30, 2024, OSI Systems, Inc [OSIS] has been a Buy and the price target has been revised to $175. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of July 27, 2021, Imperial Capital has initiated its “an Outperform” rating for OSIS. Earlier on December 10, 2020, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for OSIS stock.
Analyzing OSIS Stock Performance
During the last five days, there has been a surge of approximately 9.62%. Over the course of the year, OSI Systems, Inc shares have jumped approximately 35.23%. Shares of the company reached a 52-week high of $174.65 on 11/27/24 and a 52-week low of $120.42 on 01/17/24. A 50-day SMA is recorded $147.73, while a 200-day SMA reached $141.22. Nevertheless, trading volume fell to 0.36 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for OSI Systems, Inc (OSIS)
According to the 24-hour chart, there is a support level at 171.92, which, if violated, would cause prices to drop to 169.32. In the upper region, resistance lies at 175.88. The next price resistance is at 177.24. RSI (Relative Strength Index) is 80.46 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.54, which suggests the price will increase in the coming days. Percent R is at 0.53%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
