Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $27,500 were sold by Datta Sanjay on Mar 11 ’24. At $27.50 per share, Datta Sanjay sold 1,000 shares. The insider’s holdings dropped to 400,536 shares worth approximately $10.55 million following the completion of this transaction.
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Also, Datta Sanjay sold 1,000 shares, netting a total of over 26,210 in proceeds. Following the sale of shares at $26.21 each, the insider now holds 401,536 shares.
Before that, Gu Paul had sold 30,000 shares from its account. In a trade valued at $769,773, the Chief Technology Offier traded Upstart Holdings Inc shares for $25.66 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $23.54 million.
As published in their initiating research note from Needham on September 25, 2023, Upstart Holdings Inc [UPST] has been a Hold. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in late July. As of June 14, 2023, BTIG Research has initiated its “Buy” rating for UPST. Earlier on April 11, 2023, JP Morgan initiated its rating. Their recommendation was “an Underweight” for UPST stock.
Analyzing UPST Stock Performance
During the last five days, there has been a surge of approximately 13.29%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -35.54%. Shares of the company reached a 52-week high of $40.82 on 01/02/24 and a 52-week low of $22.81 on 03/14/24. A 50-day SMA is recorded $29.18, while a 200-day SMA reached $33.62. Nevertheless, trading volume fell to 7.81 million shares from 2.62 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 25.84, which, if violated, would cause prices to drop to 25.33. In the upper region, resistance lies at 27.33. The next price resistance is at 28.31. RSI (Relative Strength Index) is 48.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 42.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Upstart Holdings Inc subject to short interest?
Stocks of Upstart Holdings Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -2.01 million shares to 27.62 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 29.63 million shares. A decline of -7.28% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.2 of the overall float, the days-to-cover ratio (short ratio) decline to 3.2.
