UDR Inc’s recent filing unveils that its Chairman and CEO TOOMEY THOMAS W unloaded Company’s shares for reported $1.71 million on Dec 26 ’23. In the deal valued at $37.90 per share,45,000 shares were sold. As a result of this transaction, TOOMEY THOMAS W now holds 939,716 shares worth roughly $34.66 million.
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Wells Fargo upgraded its UDR Inc [UDR] rating to an Overweight from a an Equal weight in a research note published on March 04, 2024; the price target was increased to $39 from $34. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “an Equal-weight”. Barclays revised its rating on February 20, 2024. It rated UDR as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of UDR
On Monday, UDR Inc [NYSE:UDR] saw its stock fall -0.75% to $36.88. Over the last five days, the stock has gained 0.19%. UDR Inc shares have fallen nearly -3.68% since the year began. Nevertheless, the stocks have fallen -2.16% over the past one year. While a 52-week high of $43.96 was reached on 01/12/24, a 52-week low of $30.95 was recorded on 02/13/24. SMA at 50 days reached $36.56, while 200 days put it at $37.57. A total of 1.12 million shares were traded, compared to the trading of 2.29 million shares in the previous session.
Levels Of Support And Resistance For UDR Stock
The 24-hour chart illustrates a support level at 36.63, which if violated will result in even more drops to 36.39. On the upside, there is a resistance level at 37.24. A further resistance level may holdings at 37.60. The Relative Strength Index (RSI) on the 14-day chart is 50.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.52%. Stochastics %K at 51.00% indicates the stock is a holding.
How much short interest is there in UDR Inc?
A steep rise in short interest was recorded in UDR Inc stocks on Feb 29, 2024, dropping by -0.56 million shares to a total of 5.51 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 6.07 million shares. There was a decline of -10.16%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.68% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.75.
The most recent change occurred on January 30, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $40 price target.
