Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Oaktree Specialty Lending Corp shares valued at $16,009 were purchased by CALDWELL PHYLLIS R on Sep 20 ’24. At $16.01 per share, CALDWELL PHYLLIS R acquired 1,000 shares. The insider’s holdings grew to 13,500 shares worth approximately $0.22 million following the completion of this transaction.
Also, CALDWELL PHYLLIS R purchased 1,334 shares, netting a total of over 21,726 in proceeds. Following the buying of shares at $16.29 each, the insider now holds 12,500 shares.
Before that, CALDWELL PHYLLIS R had added 2,000 shares to its account. In a trade valued at $40,130, the Director bought Oaktree Specialty Lending Corp shares for $20.07 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $0.18 million.
As published in a research note from JP Morgan on November 20, 2024, Oaktree Specialty Lending Corp [OCSL] has been rated down from an Overweight to a Neutral and the price target has been revised to $15 from $17. Analysts at JMP Securities downgraded the stock from ‘”a Mkt outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid November. As of August 26, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for OCSL. Earlier on August 02, 2024, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for OCSL stock which previously was a “an Outperform”.
Analyzing OCSL Stock Performance
During the last five days, there has been a surge of approximately 3.83%. Over the course of the year, Oaktree Specialty Lending Corp shares have dropped approximately -20.27%. Shares of the company reached a 52-week high of $21.64 on 01/24/24 and a 52-week low of $15.40 on 11/20/24. A 50-day SMA is recorded $16.15, while a 200-day SMA reached $18.01. Nevertheless, trading volume fell to 0.68 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Oaktree Specialty Lending Corp (OCSL)
According to the 24-hour chart, there is a support level at 16.06, which, if violated, would cause prices to drop to 15.84. In the upper region, resistance lies at 16.41. The next price resistance is at 16.54. RSI (Relative Strength Index) is 56.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 4.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
