Recent Insider Activity Could Benefit Unity Software Inc (U)

Unity Software Inc’s recently made public that its EVP and CFO Visoso Luis Felipe unloaded Company’s shares for reported $0.1 million on Feb 01. In the deal valued at $32.51 per share,3,087 shares were sold. As a result of this transaction, Visoso Luis Felipe now holds 1,111,889 shares worth roughly $37.6 million.

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Then, Carpenter Carol W. sold 2,000 shares, generating $65,020 in total proceeds. Upon selling the shares at $32.51, the SVP & Chief Marketing Officer now owns 455,034 shares.

Before that, Gupta Anirma sold 756 shares. Unity Software Inc shares valued at $25,001 were divested by the SVP, Chief Legal Officer at a price of $33.07 per share. As a result of the transaction, Gupta Anirma now holds 396,985 shares, worth roughly $13.43 million.

Piper Sandler downgraded its Unity Software Inc [U] rating to an Underweight from a a Neutral in a research note published on January 02, 2024; the price target was increased to $35 from $20.

Price Performance Review of U

On Friday, Unity Software Inc [NYSE:U] saw its stock jump 1.23% to $33.82. Over the last five days, the stock has gained 2.98%. Unity Software Inc shares have fallen nearly -17.29% since the year began. Nevertheless, the stocks have fallen -6.91% over the past one year. While a 52-week high of $50.08 was reached on 01/02/24, a 52-week low of $22.20 was recorded on 02/02/24. SMA at 50 days reached $35.17, while 200 days put it at $34.18. A total of 7.3 million shares were traded, compared to the trading of 7.4 million shares in the previous session.

Levels Of Support And Resistance For U Stock

The 24-hour chart illustrates a support level at 33.40, which if violated will result in even more drops to 32.98. On the upside, there is a resistance level at 34.32. A further resistance level may holdings at 34.82. The Relative Strength Index (RSI) on the 14-day chart is 49.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.41%. Stochastics %K at 52.63% indicates the stock is a holding.

How much short interest is there in Unity Software Inc?

A steep rise in short interest was recorded in Unity Software Inc stocks on Jan 31, 2024, growing by 3.55 million shares to a total of 29.24 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 25.69 million shares. There was a rise of 12.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.31% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.42.

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