Oaktree Specialty Lending Corp’s recent filing unveils that its Director CALDWELL PHYLLIS R acquired Company’s shares for reported $16009.0 on Sep 20 ’24. In the deal valued at $16.01 per share,1,000 shares were bought. As a result of this transaction, CALDWELL PHYLLIS R now holds 13,500 shares worth roughly $0.2 million.
Then, CALDWELL PHYLLIS R bought 1,334 shares, generating $21,726 in total proceeds. Upon buying the shares at $16.29, the Director now owns 12,500 shares.
Before that, CALDWELL PHYLLIS R bought 2,000 shares. Oaktree Specialty Lending Corp shares valued at $40,130 were divested by the Director at a price of $20.07 per share. As a result of the transaction, CALDWELL PHYLLIS R now holds 11,166 shares, worth roughly $0.17 million.
B. Riley Securities downgraded its Oaktree Specialty Lending Corp [OCSL] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “a Neutral”. JMP Securities also remained covering OCSL and has decreased its forecast on November 19, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Wells Fargo revised its rating on August 26, 2024. It rated OCSL as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of OCSL
On Friday, Oaktree Specialty Lending Corp [NASDAQ:OCSL] saw its stock unchanged to $15.18. Over the last five days, the stock has lost -5.36%. Oaktree Specialty Lending Corp shares have fallen nearly -25.66% since the year began. Nevertheless, the stocks have fallen -24.89% over the past one year. While a 52-week high of $21.64 was reached on 01/24/24, a 52-week low of $15.04 was recorded on 12/18/24. SMA at 50 days reached $16.07, while 200 days put it at $17.70.
Levels Of Support And Resistance For OCSL Stock
The 24-hour chart illustrates a support level at 15.07, which if violated will result in even more drops to 14.97. On the upside, there is a resistance level at 15.29. A further resistance level may holdings at 15.41. The Relative Strength Index (RSI) on the 14-day chart is 32.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.60%. Stochastics %K at 7.38% indicates the stock is a buying.
How much short interest is there in Oaktree Specialty Lending Corp?
A steep rise in short interest was recorded in Oaktree Specialty Lending Corp stocks on 2024-10-31, growing by 48574.0 shares to a total of 0.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.86 million shares. There was a rise of 5.36%, which implies that there is a positive sentiment for the stock.
