Insider Buying: OBOOK (NASDAQ:OWLS) CEO Buys 6,171 Shares of Company Stock

OBOOK Holdings Inc. (NASDAQ:OWLS) CEO Chun Kai Wang bought 6,171 shares of OBOOK stock in a transaction on Thursday, November 12th. The shares were purchased at an average price of $2.17 per share, for a total transaction of $13,391.07. Following the acquisition, the chief executive officer directly owned 3,157,147 shares in the company, valued at approximately $6,851,008.99. This trade represents a 0.20% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, November 10th, Chun Kai Wang bought 2,058 shares of OBOOK stock. The stock was purchased at an average cost of $2.31 per share, with a total value of $4,753.98.
• On Monday, November 9th, Chun Kai Wang bought 413 shares of OBOOK stock. The stock was purchased at an average price of $2.26 per share, with a total value of $933.38.
• On Thursday, November 5th, Chun Kai Wang purchased 400 shares of OBOOK stock. The shares were purchased at an average price of $2.35 per share, for a total transaction of $940.00.
• On Monday, October 26th, Chun Kai Wang purchased 11,105 shares of OBOOK stock. The shares were purchased at an average price of $2.01 per share, for a total transaction of $22,321.05.
• On Monday, October 19th, Chun Kai Wang purchased 12,192 shares of OBOOK stock. The stock was purchased at an average cost of $4.27 per share, for a total transaction of $52,059.84.
• On Wednesday, September 2nd, Chun Kai Wang acquired 11,600 shares of OBOOK stock. The stock was purchased at an average price of $5.01 per share, with a total value of $58,116.00.
• On Tuesday, September 1st, Chun Kai Wang acquired 758 shares of OBOOK stock. The stock was purchased at an average price of $5.18 per share, with a total value of $3,926.44.

OBOOK Price Performance

Shares of OBOOK stock opened at $2.26 on Friday. The business has a fifty day simple moving average of $4.34 and a two-hundred day simple moving average of $5.39. OBOOK Holdings Inc. has a 12 month low of $1.36 and a 12 month high of $8.99.

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

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of OBOOK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.00.

OBOOK Company Profile

OBOOK Holdings Inc. is a digital content company focused on online literature and reading services. Through its OBOOK platform, the company provides readers with access to digital literary content and supports the distribution of works by authors and other content providers. The company’s business centers on bringing literary content to readers through digital channels. OBOOK operates in the Chinese online literature market; detailed information about its geographic reach and leadership is not included here.