Investing in UWM Holdings Corporation (UWMC) Is Getting More Attractive

UWM Holdings Corporation’s recent filing unveils that its Director Verdun Robert acquired Company’s shares for reported $0.21 million on Sep 13. In the deal valued at $5.20 per share,40,000 shares were bought. As a result of this transaction, Verdun Robert now holds 204,725 shares worth roughly $1.45 million.

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Deutsche Bank initiated its UWM Holdings Corporation [UWMC] rating to a Hold in a research note published on Monday.

Price Performance Review of UWMC

On Monday, UWM Holdings Corporation [NYSE:UWMC] saw its stock jump 0.14% to $7.07. Over the last five days, the stock has gained 4.74%. UWM Holdings Corporation shares have fallen nearly -1.12% since the year began. Nevertheless, the stocks have risen 69.54% over the past one year. While a 52-week high of $7.43 was reached on 02/12/24, a 52-week low of $4.06 was recorded on 01/17/24. SMA at 50 days reached $6.60, while 200 days put it at $5.78. A total of 1.64 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For UWMC Stock

The 24-hour chart illustrates a support level at 6.97, which if violated will result in even more drops to 6.87. On the upside, there is a resistance level at 7.22. A further resistance level may holdings at 7.37. The Relative Strength Index (RSI) on the 14-day chart is 61.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 80.34% indicates the stock is a selling.

How much short interest is there in UWM Holdings Corporation?

A steep rise in short interest was recorded in UWM Holdings Corporation stocks on Jan 31, 2024, dropping by 90000.0 shares to a total of 18.18 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 18.27 million shares. There was a decline of -0.5%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 19.52% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.79.

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