Universal Display Corporation’s recently made public that its EVP and CFO ROSENBLATT SIDNEY D unloaded Company’s shares for reported $5.36 million on Sep 01. In the deal valued at $107.25 per share,50,000 shares were sold. As a result of this transaction, ROSENBLATT SIDNEY D now holds 106,335 shares worth roughly $ 11.07 million.
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Then, ELIAS RICHARD C sold 2,000 shares, generating $247,738 in total proceeds. Upon selling the shares at $123.87, the Director now owns 5,680 shares.
Before that, LACERTE LAWRENCE sold 10,366 shares. Universal Display Corporation shares valued at $1,194,301 were divested by the Director at a price of $115.21 per share. As a result of the transaction, LACERTE LAWRENCE now holds 190,366 shares, worth roughly $19.82 million.
BofA Securities downgraded its Universal Display Corporation [OLED] rating to a Neutral from a a Buy in a research note published on Monday, June 29, 2022; the price target was decreased to $135 from $190. PT values the company’s stock at a premium of 22.9 to its Monday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Citigroup also remained covering OLED and has increased its forecast on May 19, 2021 with a “Buy” recommendation from previously “Neutral” rating. ROTH Capital revised its rating on March 08, 2021. It rated OLED as “a Buy” which previously was an “a Neutral”.
Price Performance Review of OLED
On Monday, Universal Display Corporation [NASDAQ:OLED] saw its stock jump 3.21% to $104.09. On the same session, the stock had its day’s lowest price of $99.91, but rose to a high of $105.627. Over the last five days, the stock has gained 9.32%. Universal Display Corporation shares have fallen nearly -36.93% since the year began. Nevertheless, the stocks have fallen -40.30% over the past one year. While a 52-week high of $187.00 was reached on 01/05/22, a 52-week low of $89.41 was recorded on 10/13/22. SMA at 50 days reached $100.13, while 200 days put it at $124.88. A total of 0.62 million shares were traded, compared to the trading of 0.58 million shares in the previous session.
Levels Of Support And Resistance For OLED Stock
The 24-hour chart illustrates a support level at 100.79, which if violated will result in even more drops to 97.49. On the upside, there is a resistance level at 106.51. A further resistance level may holdings at 108.93. The Relative Strength Index (RSI) on the 14-day chart is 57.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.54%. Stochastics %K at 56.44% indicates the stock is a holding.
How much short interest is there in Universal Display Corporation?
A steep rise in short interest was recorded in Universal Display Corporation stocks on Jul 14, 2022, growing by 0.17 million shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.05 million shares. There was a rise of 13.93%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.81% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.63.
Universal Display Corporation [OLED] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 3,997,646 shares, or roughly 8.46% of the outstanding OLED shares. In other words, the investor’s shares have fallen by -208,634 from its previous 13-F filing of 4206280.0. Additionally, BlackRock Fund Advisors decreased -0.09% of its stake after which the total value it holdings stand at $366,200,655, while PRIMECAP Management Co. added 0.10% of its stake to hold $201.45 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 39,346 shares of Universal Display Corporation, while Norges Bank Investment Management bought -82,258 shares. At present, Macquarie Investment Management B is holding 875,235 shares valued at $82.58 million. UBS Asset Management owned 864,554 shares of the company at the time of its most recent 13F filing, worth $81.57 million.
The most recent change occurred on October 30, 2020 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $225.