A company insider recently bought 25,000 shares of Univar Solutions Inc. [UNVR]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Univar Solutions Inc. shares valued at $654,665 were purchased by ALEXOS NICHOLAS W on Aug 10. At $26.19 per share, ALEXOS NICHOLAS W acquired 25,000 shares. The insider’s holdings grew to 375,000 shares worth approximately $8.62 million following the completion of this transaction.

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Also, Pappas Christopher D purchased 4,000 shares, netting a total of over 102,720 in proceeds. Following the buying of shares at $25.68 each, the insider now holds 161,502 shares.

Before that, Pappas Christopher D had added 2,000 shares to its account. In a trade valued at $57,360, the Director bought Univar Solutions Inc. shares for $28.68 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $3.62 million.

As published in a research note from Wells Fargo on May 25, 2022, Univar Solutions Inc. [UNVR] has been rated up from an Equal weight to an Overweight and the price target has been revised to $36 from $30. This represents a 36.14% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of September 21, 2021, UBS has initiated its “Buy” rating for UNVR. Earlier on August 25, 2021, Berenberg upgraded its rating. Their new recommendation was “a Buy” for UNVR stock which previously was a “a Hold”.

Analyzing UNVR’s Price Performance

On Thursday, Univar Solutions Inc. [NYSE: UNVR] plunged -2.75% to $22.99. The stock’s lowest price that day was $22.935, but it reached a high of $23.74 in the same session. During the last five days, there has been a drop of approximately -7.07%. Over the course of the year, Univar Solutions Inc. shares have dropped approximately -18.91%. Shares of the company reached a 52-week high of $34.00 on 03/22/22 and a 52-week low of $22.74 on 07/14/22. A 50-day SMA is recorded $25.60, while a 200-day SMA reached $28.09. Nevertheless, trading volume fell to 1.26 million shares from 1.34 million shares the previous day.

Support And Resistance Levels for Univar Solutions Inc. (UNVR)

According to the 24-hour chart, there is a support level at 22.70, which, if violated, would cause prices to drop to 22.42. In the upper region, resistance lies at 23.51. The next price resistance is at 24.03. RSI (Relative Strength Index) is 33.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 98.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Univar Solutions Inc. subject to short interest?

Stocks of Univar Solutions Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.96 million shares to 6.45 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.49 million shares. A jump of 45.89% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.29 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.29.

Which companies own the most shares of Univar Solutions Inc. (UNVR)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,017,700 shares, which is about 10.20% of the total UNVR shares outstanding. The investor’s shares have appreciated by 429,422 from its previous 13-F filing of 16588278.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $328,490,777. Fidelity Management & Research Co reduced a -22.45% interest valued at $324.87 million while Edgepoint Investment Group, Inc. sold a -2,809,733 stake. A total of -17,050 shares of Univar Solutions Inc. were sold by Lyrical Asset Management LP during the quarter, and 5,117,728 were bought by Jane Street Capital LLC. In its current portfolio, Invesco Advisers, Inc. holds 5,128,818 shares valued at $129.35 million.

In spite of this, 8 analysts ranked Univar Solutions Inc. stock as a Buy at the end of 2022. On May 11, 2021, Goldman assigned a price target of “a Buy” to the stock and upgraded coverage with a $31.


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