Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Parcel Service Inc. shares valued at $3,457,697 were sold by Cesarone Nando on May 18. At $179.23 per share, Cesarone Nando sold 19,292 shares. The insider’s holdings dropped to 17,505 shares worth approximately $3.08 million following the completion of this transaction.
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Also, Gilbert Philippe R sold 3,897 shares, netting a total of over 839,281 in proceeds. Following the sale of shares at $215.37 each, the insider now holds 0 shares.
Before that, Brothers Norman M. Jr had sold 17,360 shares from its account. In a trade valued at $3,620,304, the Chief Legal & Compliance Off traded United Parcel Service Inc. shares for $208.54 each. Upon closing the transaction, the insider’s holdings decreased to 17,360 shares, worth approximately $0.0.
As published in a research note from JP Morgan on May 13, 2022, United Parcel Service Inc. [UPS] has been rated down from an Overweight to a Neutral and the price target has been revised to $202. This represents a 12.8% premium over Wednesday’s closing price. Analysts at Susquehanna resumed the stock at ‘”a Neutral”‘ outlook in a report released in late April. As of April 27, 2022, Stephens has reiterated its “an Equal-weight” rating for UPS. Earlier on April 27, 2022, Raymond James resumed its rating. Their recommendation was “a Strong buy” for UPS stock.
Analyzing UPS’s Price Performance
On Wednesday, United Parcel Service Inc. [NYSE: UPS] rose 0.95% to $176.15. The stock’s lowest price that day was $172.37, but it reached a high of $176.81 in the same session. During the last five days, there has been a surge of approximately 1.14%. Over the course of the year, United Parcel Service Inc. shares have dropped approximately -17.82%. Shares of the company reached a 52-week high of $233.72 on 02/01/22 and a 52-week low of $165.34 on 05/19/22. A 50-day SMA is recorded $180.68, while a 200-day SMA reached $199.13. Nevertheless, trading volume fell to 2.66 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for United Parcel Service Inc. (UPS)
According to the 24-hour chart, there is a support level at 173.41, which, if violated, would cause prices to drop to 170.67. In the upper region, resistance lies at 177.85. The next price resistance is at 179.55. RSI (Relative Strength Index) is 46.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.80, which suggests the price will decrease in the coming days. Percent R is at 65.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is United Parcel Service Inc. subject to short interest?
Stocks of United Parcel Service Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.85 million shares to 8.83 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.98 million shares. A jump of 9.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.39 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.39.
Which companies own the most shares of United Parcel Service Inc. (UPS)?
According to The Vanguard Group, Inc. filings, the company currently owns 62,235,161 shares, which is about 8.47% of the total UPS shares outstanding. The investor’s shares have appreciated by 741,547 from its previous 13-F filing of 61493614.0 shares. With the completion of the buy, BlackRock Fund Advisors’s stake is now worth $6,313,681,829. SSgA Funds Management, Inc. reduced a -1.84% interest valued at $5.3 billion while Fidelity Management & Research Co purchased a 310,949 stake. A total of 566,451 shares of United Parcel Service Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and 388,283 were bought by Geode Capital Management LLC. In its current portfolio, JPMorgan Investment Management, I holds 11,801,627 shares valued at $2.15 billion.
In terms of United Parcel Service Inc. share price expectations, FactSet research, analysts set an average price target of $220.54 in the next 12 months, up nearly 26.07% from the previous closing price of $174.50. Analysts anticipate United Parcel Service Inc. stock to reach $270.00 by 2022, with the lowest price target being $148.00. In spite of this, 30 analysts ranked United Parcel Service Inc. stock as an Overweight at the end of 2022. On April 27, 2022, Credit Suisse assigned a price target of “an Outperform” to the stock and reiterated coverage with a $226.