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. United Parcel Service Inc. shares valued at $4,357,435 were sold by Gutmann Kathleen M. on Aug 11. At $204.51 per share, Gutmann Kathleen M. sold 21,307 shares. The insider’s holdings dropped to 102,591 shares worth approximately $17.22 million following the completion of this transaction.
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Also, WARREN KEVIN M sold 23,366 shares, netting a total of over 4,516,904 in proceeds. Following the sale of shares at $193.31 each, the insider now holds 0 shares.
Before that, Cesarone Nando had sold 19,292 shares from its account. In a trade valued at $3,457,697, the President, US Operations traded United Parcel Service Inc. shares for $179.23 each. Upon closing the transaction, the insider’s holdings decreased to 19,292 shares, worth approximately $2.94 million.
As published in a research note from Evercore ISI on August 22, 2022, United Parcel Service Inc. [UPS] has been rated down from an Outperform to an In-line and the price target has been revised to $214. This represents a 21.56% premium over Thursday’s closing price. As of July 12, 2022, Wolfe Research has decreased its “Peer perform” rating to a “an Underperform” for UPS. Earlier on June 28, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for UPS stock.
Analyzing UPS’s Price Performance
On Thursday, United Parcel Service Inc. [NYSE: UPS] plunged -3.43% to $167.86. The stock’s lowest price that day was $167.72, but it reached a high of $171.85 in the same session. During the last five days, there has been a drop of approximately -9.26%. Over the course of the year, United Parcel Service Inc. shares have dropped approximately -21.69%. 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 $193.30, while a 200-day SMA reached $196.87. Nevertheless, trading volume fell to 5.22 million shares from 3.16 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 166.44, which, if violated, would cause prices to drop to 165.01. In the upper region, resistance lies at 170.57. The next price resistance is at 173.27. RSI (Relative Strength Index) is 22.82 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.12, which suggests the price will decrease in the coming days. Percent R is at 99.58%, indicating bearish price movement. Stochastics %K at buying 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 63,391,503 shares, which is about 8.66% of the total UPS shares outstanding. The investor’s shares have appreciated by 1,156,342 from its previous 13-F filing of 62235161.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $7,317,946,445. SSgA Funds Management, Inc. reduced a -2.06% interest valued at $5.54 billion while Fidelity Management & Research Co sold a -896,643 stake. A total of 1,276,070 shares of United Parcel Service Inc. were sold by JPMorgan Investment Management, I during the quarter, and 464,760 were bought by Geode Capital Management LLC. In its current portfolio, T. Rowe Price Associates, Inc. holds 10,856,756 shares valued at $2.11 billion.
In terms of United Parcel Service Inc. share price expectations, FactSet research, analysts set an average price target of $210.89 in the next 12 months, up nearly 20.81% from the previous closing price of $173.83. 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 May 13, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $202.