Recent Insider Activity Could Benefit Upbound Group Inc. (UPBD)

Upbound Group Inc.’s recent filing unveils that its EVP, Acima Montrone Tyler unloaded Company’s shares for reported $0.69 million on Aug 10. In the deal valued at $32.18 per share,21,570 shares were sold. As a result of this transaction, Montrone Tyler now holds 77,751 shares worth roughly $ 2.23 million.

Then, Blasquez Anthony J sold 8,881 shares, generating $288,285 in total proceeds. Upon selling the shares at $32.46, the EVP-RAC now owns 56,711 shares.

Before that, BROWN JEFFREY J bought 877 shares. Upbound Group Inc. shares valued at $26,994 were divested by the Director at a price of $30.78 per share. As a result of the transaction, BROWN JEFFREY J now holds 80,247 shares, worth roughly $2.3 million.

Price Performance Review of UPBD

On Monday, Upbound Group Inc. [NASDAQ:UPBD] saw its stock fall -1.61% to $28.70. On the same session, the stock had its day’s lowest price of $28.65, but rose to a high of $29.64. Over the last five days, the stock has lost -5.28%. Upbound Group Inc. shares have risen nearly 27.27% since the year began. Nevertheless, the stocks have risen 9.92% over the past one year. While a 52-week high of $36.17 was reached on 08/03/23, a 52-week low of $16.82 was recorded on 01/03/23. SMA at 50 days reached $31.55, while 200 days put it at $28.10. A total of 0.53 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For UPBD Stock

The 24-hour chart illustrates a support level at 28.35, which if violated will result in even more drops to 28.01. On the upside, there is a resistance level at 29.34. A further resistance level may holdings at 29.99. The Relative Strength Index (RSI) on the 14-day chart is 35.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.15%. Stochastics %K at 28.65% indicates the stock is a holding.

How much short interest is there in Upbound Group Inc.?

A steep rise in short interest was recorded in Upbound Group Inc. stocks on Aug 30, 2023, dropping by -0.48 million shares to a total of 2.77 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 3.25 million shares. There was a decline of -17.33%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.41% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.18.

Upbound Group Inc. [UPBD] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,548,400 shares, or roughly 13.48% of the outstanding UPBD shares. In other words, the investor’s shares have risen by 161,218 from its previous 13-F filing of 7387182.0. Additionally, Fidelity Management & Research Co decreased -10.80% of its stake after which the total value it holdings stand at $215,920,237, while The Vanguard Group, Inc. added 2.53% of its stake to hold $171.09 million in the firm. At present, SSgA Funds Management, Inc. is holding 2,114,100 shares valued at $64.73 million. Dimensional Fund Advisors LP owned 1,938,908 shares of the company at the time of its most recent 13F filing, worth $59.37 million.

According to FactSet, Upbound Group Inc.’s share price will average $40.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 35.41 percent from its previous closing price of $29.17. Analysts expect Upbound Group Inc. stock to reach the higher price of $50.00, while the lowest price estimate is $33.00. However, 8 analysts have rated UPBD stock as an Overweight in their predictions for 2023.