Ouster Inc’s recent filing unveils that its Officer Mark Weinswig acquired Company’s shares for reported $5522.0 on Nov 29 ’24. In the deal valued at $9.36 per share,590 shares were bought.
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Then, WEINSWIG MARK sold 31,397 shares, generating $273,907 in total proceeds. Upon selling the shares at $8.72, the Chief Financial Officer now owns 198,650 shares.
Before that, WEINSWIG MARK sold 4,460 shares. Ouster Inc shares valued at $39,750 were divested by the Chief Financial Officer at a price of $8.91 per share. As a result of the transaction, WEINSWIG MARK now holds 194,190 shares, worth roughly $1.92 million.
Cantor Fitzgerald upgraded its Ouster Inc [OUST] rating to an Overweight from a a Neutral in a research note published on November 11, 2024; the price target was decreased to $10 from $12. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. Chardan Capital Markets also remained covering OUST and has decreased its forecast on April 03, 2024 with a “Neutral” recommendation from previously “Buy” rating. Chardan Capital Markets revised its rating on July 14, 2023. It rated OUST as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OUST
On Friday, Ouster Inc [NYSE:OUST] saw its stock jump 3.46% to $9.88. Over the last five days, the stock has gained 10.14%. Ouster Inc shares have risen nearly 28.81% since the year began. Nevertheless, the stocks have risen 90.37% over the past one year. While a 52-week high of $16.88 was reached on 07/16/24, a 52-week low of $4.65 was recorded on 03/14/24. SMA at 50 days reached $7.64, while 200 days put it at $8.73.
Levels Of Support And Resistance For OUST Stock
The 24-hour chart illustrates a support level at 9.63, which if violated will result in even more drops to 9.38. On the upside, there is a resistance level at 10.19. A further resistance level may holdings at 10.50. The Relative Strength Index (RSI) on the 14-day chart is 63.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.86%. Stochastics %K at 65.98% indicates the stock is a holding.
How much short interest is there in Ouster Inc?
A steep rise in short interest was recorded in Ouster Inc stocks on 2024-11-15, dropping by -1.65 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.45 million shares. There was a decline of -34.38%, which implies that there is a negative sentiment for the stock.
