Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Outbrain Inc shares valued at $373,875 were sold by Galai Yaron on Dec 17 ’24. At $7.48 per share, Galai Yaron sold 50,000 shares. The insider’s holdings dropped to 3,457,521 shares worth approximately $25.1 million following the completion of this transaction.
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Also, YARON GALAI purchased 50,000 shares, netting a total of over 351,500 in proceeds.
Before that, Galai Yaron had sold 31,510 shares from its account. In a trade valued at $187,778, the Co-Founder and Board Chair traded Outbrain Inc shares for $5.96 each. Upon closing the transaction, the insider’s holdings decreased to 31,510 shares, worth approximately $25.62 million.
As of June 22, 2023, B. Riley Securities has initiated its “Neutral” rating for OB. Earlier on December 16, 2022, Needham resumed its rating. Their recommendation was “a Buy” for OB stock.
Analyzing OB Stock Performance
During the last five days, there has been a surge of approximately 4.54%. Over the course of the year, Outbrain Inc shares have jumped approximately 65.75%. Shares of the company reached a 52-week high of $7.87 on 12/18/24 and a 52-week low of $3.42 on 03/04/24. A 50-day SMA is recorded $5.23, while a 200-day SMA reached $4.72. Nevertheless, trading volume fell to 0.65 million shares from 1.49 million shares the previous day.
Support And Resistance Levels for Outbrain Inc (OB)
According to the 24-hour chart, there is a support level at 7.02, which, if violated, would cause prices to drop to 6.79. In the upper region, resistance lies at 7.68. The next price resistance is at 8.11. RSI (Relative Strength Index) is 71.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 24.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
