Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BankUnited Inc shares valued at $62,106 were sold by Malcolm Kevin A. on Mar 05 ’24. At $27.18 per share, Malcolm Kevin A. sold 2,285 shares. The insider’s holdings dropped to 11,750 shares worth approximately $0.33 million following the completion of this transaction.
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As published in their initiating research note from Barclays on March 08, 2024, BankUnited Inc [BKU] has been an Equal weight and the price target has been revised to $29. Analysts at UBS downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of December 01, 2023, Citigroup has initiated its “Neutral” rating for BKU. Earlier on April 26, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for BKU stock which previously was a “an Underweight”.
Analyzing BKU Stock Performance
During the last five days, there has been a surge of approximately 3.30%. Over the course of the year, BankUnited Inc shares have dropped approximately -13.14%. Shares of the company reached a 52-week high of $32.96 on 01/02/24 and a 52-week low of $24.47 on 02/08/24. A 50-day SMA is recorded $27.38, while a 200-day SMA reached $26.17. Nevertheless, trading volume fell to 0.62 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for BankUnited Inc (BKU)
According to the 24-hour chart, there is a support level at 27.36, which, if violated, would cause prices to drop to 26.55. In the upper region, resistance lies at 28.59. The next price resistance is at 29.01. RSI (Relative Strength Index) is 57.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 1.29%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is BankUnited Inc subject to short interest?
Stocks of BankUnited Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.51 million shares to 3.28 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.79 million shares. A decline of -15.55% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.72 of the overall float, the days-to-cover ratio (short ratio) decline to 3.72.
