OBOOK (NASDAQ:OWLS) Stock: Insider Chun Kai Wang Purchases 12,192 Shares

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang acquired 12,192 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was purchased at an average cost of $4.27 per share, with a total value of $52,059.84. Following the completion of the acquisition, the chief executive officer owned 3,137,000 shares of the company’s stock, valued at $13,394,990. The trade was a 0.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Chun Kai Wang also recently made the following trade(s):

• On Wednesday, September 2nd, Chun Kai Wang acquired 11,600 shares of OBOOK stock. The shares were purchased at an average price of $5.01 per share, for a total transaction of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang acquired 758 shares of OBOOK stock. The shares were purchased at an average price of $5.18 per share, for a total transaction of $3,926.44.

OBOOK Stock Down 29.6%

NASDAQ:OWLS opened at $2.80 on Friday. The business’s 50 day moving average is $5.28 and its two-hundred day moving average is $5.55. OBOOK Holdings Inc. has a 52 week low of $2.77 and a 52 week high of $13.89.

OBOOK (NASDAQ:OWLS) last issued its earnings results on Saturday, August 22nd. The company reported ($0.12) EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of OBOOK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, OBOOK currently has an average rating of “Hold” and an average price target of $11.00.

About OBOOK

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate. Established in 2010 in Taiwan, we operate as the OwlTing Group and have delivered solutions to various industries and are expanding actively into multiple markets including the United States, Japan, Singapore, Hong Kong, Malaysia and Thailand, as well as jurisdictions in South America and the EU.