Ouster Inc’s recently made public that its General Counsel and Secretary Chung Megan unloaded Company’s shares for reported $0.13 million on Dec 12 ’24. In the deal valued at $9.69 per share,13,671 shares were sold. As a result of this transaction, Chung Megan now holds 149,647 shares worth roughly $1.65 million.
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Then, WEINSWIG MARK sold 19,712 shares, generating $191,021 in total proceeds. Upon selling the shares at $9.69, the Chief Financial Officer now owns 173,960 shares.
Before that, Frichtl Mark bought 5,045 shares. Ouster Inc shares valued at $49,327 were divested by the Chief Technology Officer at a price of $9.78 per share. As a result of the transaction, Frichtl Mark now holds 513,121 shares, worth roughly $5.64 million.
Northland Capital initiated its Ouster Inc [OUST] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. Cantor Fitzgerald also remained covering OUST and has decreased its forecast on May 22, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Chardan Capital Markets revised its rating on April 03, 2024. It rated OUST as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OUST
On Tuesday, Ouster Inc [NYSE:OUST] saw its stock jump 17.27% to $11.00. Over the last five days, the stock has gained 12.36%. Ouster Inc shares have risen nearly 43.42% since the year began. Nevertheless, the stocks have risen 60.58% 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 $8.46, while 200 days put it at $8.98.
Levels Of Support And Resistance For OUST Stock
The 24-hour chart illustrates a support level at 10.00, which if violated will result in even more drops to 8.99. On the upside, there is a resistance level at 11.70. A further resistance level may holdings at 12.39. The Relative Strength Index (RSI) on the 14-day chart is 65.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.54%. Stochastics %K at 48.90% 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 2024-11-29, dropping by -1.31 million shares to a total of 4.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.0 million shares. There was a decline of -27.83%, which implies that there is a negative sentiment for the stock.
