A company insider recently sold 23,366 shares of United Parcel Service Inc. [UPS]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Parcel Service Inc. shares valued at $4,516,904 were sold by WARREN KEVIN M on Aug 02. At $193.31 per share, WARREN KEVIN M sold 23,366 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Cesarone Nando sold 19,292 shares, netting a total of over 3,457,697 in proceeds. Following the sale of shares at $179.23 each, the insider now holds 17,505 shares.

Before that, Gilbert Philippe R had sold 3,897 shares from its account. In a trade valued at $839,281, the Pres, Supply Chain Solutions traded United Parcel Service Inc. shares for $215.37 each. Upon closing the transaction, the insider’s holdings decreased to 3,897 shares, worth approximately $0.0.

Analysts at Wolfe Research downgraded the stock from ‘”a Peer perform”‘ to ‘”an Underperform”‘ outlook in a report released in mid July. As of June 28, 2022, Credit Suisse has initiated its “an Outperform” rating for UPS. Earlier on May 13, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for UPS stock which previously was a “an Overweight”.

Analyzing UPS’s Price Performance

On Thursday, United Parcel Service Inc. [NYSE: UPS] rose 0.57% to $194.52. The stock’s lowest price that day was $191.60, but it reached a high of $194.64 in the same session. During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, United Parcel Service Inc. shares have dropped approximately -9.25%. 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 $182.34, while a 200-day SMA reached $198.79. Nevertheless, trading volume fell to 1.63 million shares from 1.92 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 192.53, which, if violated, would cause prices to drop to 190.55. In the upper region, resistance lies at 195.57. The next price resistance is at 196.63. RSI (Relative Strength Index) is 63.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.18, which suggests the price will increase in the coming days. Percent R is at 7.58%, indicating bullish price movement. Stochastics %K at selling 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 Jul 14, 2022 jumping by 80000.0 shares to 11.93 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 11.85 million shares. A jump of 0.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.77 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.77.

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 transaction, BlackRock Fund Advisors’s stake is now worth $6,323,728,291. SSgA Funds Management, Inc. reduced a -1.84% interest valued at $5.31 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 $210.93 in the next 12 months, up nearly 8.57% from the previous closing price of $193.42. Analysts anticipate United Parcel Service Inc. stock to reach $251.00 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, Susquehanna assigned a price target of “a Neutral” to the stock and reiterated coverage with a $195.


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