Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unity Software Inc shares valued at $24,964 were sold by Gupta Anirma on Mar 25 ’24. At $26.93 per share, Gupta Anirma sold 927 shares. The insider’s holdings dropped to 387,743 shares worth approximately $10.47 million following the completion of this transaction.
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Also, The Felix sold 5,000 shares, netting a total of over 136,400 in proceeds. Following the sale of shares at $27.28 each, the insider now holds 293,948 shares.
Before that, Bar-Zeev Tomer had sold 250,000 shares from its account. In a trade valued at $6,647,500, the Director traded Unity Software Inc shares for $26.59 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $121.4 million.
As published in a research note from Piper Sandler on February 27, 2024, Unity Software Inc [U] has been rated up from an Underweight to a Neutral and the price target has been revised to $30 from $35. Analysts at Macquarie downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid February. As of January 02, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for U. Earlier on December 18, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for U stock.
Analyzing U Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Unity Software Inc shares have dropped approximately -33.99%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $25.12 on 03/27/24. A 50-day SMA is recorded $30.48, while a 200-day SMA reached $34.11. Nevertheless, trading volume fell to 11.06 million shares from 4.6 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 25.67, which, if violated, would cause prices to drop to 24.35. In the upper region, resistance lies at 27.76. The next price resistance is at 28.54. RSI (Relative Strength Index) is 41.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 44.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Unity Software Inc subject to short interest?
Stocks of Unity Software Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.12 million shares to 32.84 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 32.96 million shares. A decline of -0.37% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.59 of the overall float, the days-to-cover ratio (short ratio) decline to 2.59.
