Union Pacific Corp. [UNP] Investment Appeal on the Rise

In a filing, Union Pacific Corp. revealed its PRESIDENT Whited Elizabeth F unloaded Company’s shares for reported $0.94 million on Feb 15 ’24. In the deal valued at $250.00 per share,3,750 shares were sold. As a result of this transaction, Whited Elizabeth F now holds 56,682 shares worth roughly $14.24 million.

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Then, Whited Elizabeth F sold 3,750 shares, generating $923,850 in total proceeds. Upon selling the shares at $246.36, the PRESIDENT now owns 56,682 shares.

Before that, Hamann Jennifer L sold 1,000 shares. Union Pacific Corp. shares valued at $235,000 were divested by the EVP & CHIEF FINANCIAL OFFICER at a price of $235.00 per share. As a result of the transaction, Hamann Jennifer L now holds 98,297 shares, worth roughly $24.69 million.

TD Cowen reiterated its Union Pacific Corp. [UNP] rating to an Outperform in a research note published on January 26, 2024; the price target was $251. A number of analysts have revised their coverage, including Bernstein’s analysts, who increased its forecast for the stock in late January from “a Mkt perform” to “an Outperform”. Deutsche Bank also remained covering UNP and has increased its forecast on October 20, 2023 with a “Buy” recommendation from previously “Hold” rating. Atlantic Equities revised its rating on July 27, 2023. It rated UNP as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of UNP

On Tuesday, Union Pacific Corp. [NYSE:UNP] saw its stock jump 0.52% to $251.18. Over the last five days, the stock has lost -0.99%. Union Pacific Corp. shares have risen nearly 2.26% since the year began. Nevertheless, the stocks have risen 28.11% over the past one year. While a 52-week high of $258.66 was reached on 02/26/24, a 52-week low of $183.69 was recorded on 01/17/24. SMA at 50 days reached $246.32, while 200 days put it at $223.21. A total of 1.63 million shares were traded, compared to the trading of 1.54 million shares in the previous session.

Levels Of Support And Resistance For UNP Stock

The 24-hour chart illustrates a support level at 249.54, which if violated will result in even more drops to 247.90. On the upside, there is a resistance level at 252.50. A further resistance level may holdings at 253.82. The Relative Strength Index (RSI) on the 14-day chart is 53.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.79%. Stochastics %K at 33.69% indicates the stock is a holding.

How much short interest is there in Union Pacific Corp.?

A steep rise in short interest was recorded in Union Pacific Corp. stocks on Feb 29, 2024, dropping by -0.88 million shares to a total of 4.1 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.98 million shares. There was a decline of -21.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.67% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.77.

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