In a filing, Outset Medical Inc revealed its Chair and CEO Trigg Leslie unloaded Company’s shares for reported $4516.0 on Nov 15 ’24. In the deal valued at $0.80 per share,5,645 shares were sold. As a result of this transaction, Trigg Leslie now holds 904,851 shares worth roughly $0.91 million.
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Then, Nash Marc sold 1,375 shares, generating $1,100 in total proceeds. Upon selling the shares at $0.80, the SVP Operations and R&D now owns 238,022 shares.
Before that, Brottem John L. sold 3,203 shares. Outset Medical Inc shares valued at $2,562 were divested by the General Counsel at a price of $0.80 per share. As a result of the transaction, Brottem John L. now holds 227,092 shares, worth roughly $0.23 million.
RBC Capital Mkts downgraded its Outset Medical Inc [OM] rating to a Sector perform from a an Outperform in a research note published on August 08, 2024; the price target was decreased to $3 from $6. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late June from “a Sector perform” to “an Outperform”. BTIG Research began covering OM with “Buy” recommendation on April 08, 2024. CL King revised its rating on April 05, 2024. It rated OM as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OM
On Tuesday, Outset Medical Inc [NASDAQ:OM] saw its stock fall -4.72% to $1.01. Over the last five days, the stock has lost -21.71%. Outset Medical Inc shares have fallen nearly -81.33% since the year began. Nevertheless, the stocks have fallen -83.28% over the past one year. While a 52-week high of $6.36 was reached on 01/03/24, a 52-week low of $0.44 was recorded on 09/12/24. SMA at 50 days reached $0.7981, while 200 days put it at $2.0917.
Levels Of Support And Resistance For OM Stock
The 24-hour chart illustrates a support level at 0.9543, which if violated will result in even more drops to 0.8985. On the upside, there is a resistance level at 1.0729. A further resistance level may holdings at 1.1357. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0578, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.54%. Stochastics %K at 41.90% indicates the stock is a holding.
How much short interest is there in Outset Medical Inc?
A steep rise in short interest was recorded in Outset Medical Inc stocks on 2024-11-29, dropping by -0.55 million shares to a total of 2.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.35 million shares. There was a decline of -19.77%, which implies that there is a negative sentiment for the stock.
