Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Urban Outfitters Inc. shares valued at $133,025 were sold by Hayne Azeez on Mar 21. At $26.61 per share, Hayne Azeez sold 5,000 shares. The insider’s holdings dropped to 4,095 shares worth approximately $86527.34999999999 following the completion of this transaction.
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Also, Hayne Azeez sold 1,100 shares, netting a total of over 41,800 in proceeds. Following the sale of shares at $38.00 each, the insider now holds 8,827 shares.
Before that, Hayne Azeez had sold 1,100 shares from its account. In a trade valued at $38,500, the CAO & General Counsel traded Urban Outfitters Inc. shares for $35.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,100 shares, worth approximately $0.21 million.
As published in a research note from B. Riley Securities on June 17, 2022, Urban Outfitters Inc. [URBN] has been rated down from a Buy to a Neutral and the price target has been revised to $23 from $35. This represents a 8.13% premium over Wednesday’s closing price. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late May. As of April 01, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for URBN.
Analyzing URBN’s Price Performance
On Wednesday, Urban Outfitters Inc. [NASDAQ: URBN] rose 0.24% to $21.13. The stock’s lowest price that day was $21.03, but it reached a high of $21.83 in the same session. During the last five days, there has been a drop of approximately -0.61%. Over the course of the year, Urban Outfitters Inc. shares have dropped approximately -28.03%. Shares of the company reached a 52-week high of $30.82 on 01/03/22 and a 52-week low of $17.81 on 05/25/22. A 50-day SMA is recorded $21.18, while a 200-day SMA reached $24.30. Nevertheless, trading volume fell to 1.37 million shares from 2.15 million shares the previous day.
Support And Resistance Levels for Urban Outfitters Inc. (URBN)
According to the 24-hour chart, there is a support level at 20.83, which, if violated, would cause prices to drop to 20.53. In the upper region, resistance lies at 21.63. The next price resistance is at 22.13. RSI (Relative Strength Index) is 47.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 57.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Urban Outfitters Inc. subject to short interest?
Stocks of Urban Outfitters Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.99 million shares to 14.24 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 10.25 million shares. A jump of 28.02% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.24 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.24.
Which companies own the most shares of Urban Outfitters Inc. (URBN)?
According to BlackRock Fund Advisors filings, the company currently owns 10,390,344 shares, which is about 11.21% of the total URBN shares outstanding. The investor’s shares have appreciated by 3,131,074 from its previous 13-F filing of 7259270.0 shares. With the completion of the sale transaction, Shapiro Capital Management LLC’s stake is now worth $181,057,473. Turtle Creek Asset Management, In acquire a 29.39% interest valued at $144.83 million while The Vanguard Group, Inc. sold a -48,679 stake. A total of 381,331 shares of Urban Outfitters Inc. were sold by Massachusetts Financial Services during the quarter, and 940,129 were bought by Dimensional Fund Advisors LP. In its current portfolio, SSgA Funds Management, Inc. holds 2,906,743 shares valued at $58.51 million.