United Parcel Service Inc. (UPS) may enjoy gains as insiders got busy in the recent days

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CHWY Stock
CHWY Stock

United Parcel Service Inc.’s filing revealed that its Pres Intl, Healthcare and SCS Gutmann Kathleen M. unloaded Company’s shares for reported $4.36 million on Aug 11. In the deal valued at $204.51 per share,21,307 shares were sold. As a result of this transaction, Gutmann Kathleen M. now holds 102,591 shares worth roughly $ 17.0 million.


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Then, WARREN KEVIN M sold 23,366 shares, generating $4,516,904 in total proceeds. Upon selling the shares at $193.31, the Chief Marketing Officer now owns 0 shares.

Before that, Cesarone Nando sold 19,292 shares. United Parcel Service Inc. shares valued at $3,457,697 were divested by the President, US Operations at a price of $179.23 per share. As a result of the transaction, Cesarone Nando now holds 17,505 shares, worth roughly $2.9 million.

PT values the company’s stock at a premium of 12.79 to its Friday closing price. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “an In-line”. Wolfe Research revised its rating on July 12, 2022. It rated UPS as “an Underperform” which previously was an “a Peer perform”.

Price Performance Review of UPS

On Friday, United Parcel Service Inc. [NYSE:UPS] saw its stock jump 1.02% to $165.69. On the same session, the stock had its day’s lowest price of $162.61, but rose to a high of $166.4629. Over the last five days, the stock has lost -0.89%. United Parcel Service Inc. shares have fallen nearly -22.70% since the year began. Nevertheless, the stocks have fallen -21.37% over the past one year. While a 52-week high of $233.72 was reached on 02/01/22, a 52-week low of $154.87 was recorded on 10/13/22. SMA at 50 days reached $174.25, while 200 days put it at $189.88. A total of 2.4 million shares were traded, compared to the trading of 2.67 million shares in the previous session.

Levels Of Support And Resistance For UPS Stock

The 24-hour chart illustrates a support level at 163.38, which if violated will result in even more drops to 161.07. On the upside, there is a resistance level at 167.23. A further resistance level may holdings at 168.77. The Relative Strength Index (RSI) on the 14-day chart is 46.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.85%. Stochastics %K at 31.44% indicates the stock is a holding.

How much short interest is there in United Parcel Service Inc.?

A steep rise in short interest was recorded in United Parcel Service Inc. stocks on Jul 14, 2022, growing by 80000.0 shares to a total of 11.93 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 11.85 million shares. There was a rise of 0.67%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.77.

United Parcel Service Inc. [UPS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 63,391,503 shares, or roughly 8.66% of the outstanding UPS shares. In other words, the investor’s shares have risen by 1,156,342 from its previous 13-F filing of 62235161.0. Additionally, BlackRock Fund Advisors increased 8.60% of its stake after which the total value it holdings stand at $6,077,533,642, while SSgA Funds Management, Inc. reduced -2.06% of its stake to hold $4.6 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -896,643 shares of United Parcel Service Inc., while JPMorgan Investment Management, I sold 1,276,070 shares. At present, Geode Capital Management LLC is holding 12,288,757 shares valued at $1.99 billion. T. Rowe Price Associates, Inc. owned 10,856,756 shares of the company at the time of its most recent 13F filing, worth $1.75 billion.

The most recent change occurred on June 28, 2022 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $225 price target.

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