Universal Technical Institute Inc’s filing revealed that its Director Sanchez Loretta Lydia unloaded Company’s shares for reported $0.13 million on Mar 26 ’24. In the deal valued at $15.07 per share,8,719 shares were sold. As a result of this transaction, Sanchez Loretta Lydia now holds 20,000 shares worth roughly $0.31 million.
Then, Coliseum Capital Management, L sold 3,956,427 shares, generating $59,544,226 in total proceeds. Upon selling the shares at $15.05, the Director now owns 9,334,215 shares.
Before that, Anderson Troy R sold 7,173 shares. Universal Technical Institute Inc shares valued at $78,473 were divested by the EVP and CFO at a price of $10.94 per share. As a result of the transaction, Anderson Troy R now holds 87,442 shares, worth roughly $1.35 million.
Northland Capital initiated its Universal Technical Institute Inc [UTI] rating to an Outperform in a research note published on January 10, 2024; the price target was $16. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Hold”. Rosenblatt began covering UTI with “Buy” recommendation on July 12, 2022. Argus revised its rating on June 28, 2022. It rated UTI as “a Buy” which previously was an “a Hold”.
Price Performance Review of UTI
On Monday, Universal Technical Institute Inc [NYSE:UTI] saw its stock jump 4.74% to $15.48. Over the last five days, the stock has gained 5.81%. Universal Technical Institute Inc shares have risen nearly 23.64% since the year began. Nevertheless, the stocks have risen 110.90% over the past one year. While a 52-week high of $16.37 was reached on 02/09/24, a 52-week low of $5.63 was recorded on 01/09/24. SMA at 50 days reached $14.97, while 200 days put it at $10.76. A total of 0.79 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For UTI Stock
The 24-hour chart illustrates a support level at 15.10, which if violated will result in even more drops to 14.73. On the upside, there is a resistance level at 15.77. A further resistance level may holdings at 16.07. The Relative Strength Index (RSI) on the 14-day chart is 57.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.50%. Stochastics %K at 42.07% indicates the stock is a holding.
How much short interest is there in Universal Technical Institute Inc?
A steep rise in short interest was recorded in Universal Technical Institute Inc stocks on Mar 15, 2024, growing by 50000.0 shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.19 million shares. There was a rise of 4.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.68.
