Outbrain Inc’s filing revealed that its Co-Founder and Board Chair Galai Yaron unloaded Company’s shares for reported $0.37 million on Dec 17 ’24. In the deal valued at $7.48 per share,50,000 shares were sold. As a result of this transaction, Galai Yaron now holds 3,457,521 shares worth roughly $22.37 million.
Then, YARON GALAI bought 50,000 shares, generating $351,500 in total proceeds.
Before that, Galai Yaron sold 31,510 shares. Outbrain Inc shares valued at $187,778 were divested by the Co-Founder and Board Chair at a price of $5.96 per share. As a result of the transaction, Galai Yaron now holds 3,529,159 shares, worth roughly $22.83 million.
B. Riley Securities began covering OB with “Neutral” recommendation on June 22, 2023. Needham maintained its rating on December 16, 2022. It rated OB as “a Buy”.
Price Performance Review of OB
On Friday, Outbrain Inc [NASDAQ:OB] saw its stock jump 0.78% to $6.47. Over the last five days, the stock has gained 4.35%. Outbrain Inc shares have fallen nearly -9.89% since the year began. Nevertheless, the stocks have risen 66.32% over the past one year. While a 52-week high of $7.87 was reached on 01/06/25, a 52-week low of $3.42 was recorded on 01/13/25. SMA at 50 days reached $6.16, while 200 days put it at $5.01.
Levels Of Support And Resistance For OB Stock
The 24-hour chart illustrates a support level at 6.39, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.53. A further resistance level may holdings at 6.58. The Relative Strength Index (RSI) on the 14-day chart is 47.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.48%. Stochastics %K at 32.17% indicates the stock is a holding.
How much short interest is there in Outbrain Inc?
A steep rise in short interest was recorded in Outbrain Inc stocks on 2024-12-31, dropping by 2325.0 shares to a total of 0.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.44 million shares. There was a decline of -0.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 13, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $4 price target.
