Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ouster Inc shares valued at $5,025 were sold by WEINSWIG MARK on Nov 29 ’24. At $9.70 per share, WEINSWIG MARK sold 518 shares. The insider’s holdings dropped to 193,672 shares worth approximately $1.72 million following the completion of this transaction.
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Also, Mark Weinswig purchased 590 shares, netting a total of over 5,522 in proceeds.
Before that, WEINSWIG MARK had sold 31,397 shares from its account. In a trade valued at $273,907, the Chief Financial Officer traded Ouster Inc shares for $8.72 each. Upon closing the transaction, the insider’s holdings decreased to 31,397 shares, worth approximately $1.77 million.
As published in a research note from Cantor Fitzgerald on November 11, 2024, Ouster Inc [OUST] has been rated up from a Neutral to an Overweight and the price target has been revised to $10 from $12. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 03, 2024, Chardan Capital Markets has decreased its “Buy” rating to a “Neutral” for OUST. Earlier on July 14, 2023, Chardan Capital Markets upgraded its rating. Their new recommendation was “a Buy” for OUST stock which previously was a “a Neutral”.
Analyzing OUST Stock Performance
During the last five days, there has been a drop of approximately -4.91%. Over the course of the year, Ouster Inc shares have jumped approximately 16.04%. Shares of the company reached a 52-week high of $16.88 on 07/16/24 and a 52-week low of $4.65 on 03/14/24. A 50-day SMA is recorded $7.83, while a 200-day SMA reached $8.79. Nevertheless, trading volume fell to 0.83 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Ouster Inc (OUST)
According to the 24-hour chart, there is a support level at 8.70, which, if violated, would cause prices to drop to 8.49. In the upper region, resistance lies at 9.24. The next price resistance is at 9.57. RSI (Relative Strength Index) is 51.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 68.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
