The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Urban Edge Properties shares valued at $448,103 were sold by Milton Robert C. III on Mar 12 ’24. At $17.02 per share, Milton Robert C. III sold 26,333 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
As published in a research note from Morgan Stanley on December 21, 2023, Urban Edge Properties [UE] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $18 from $14. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late November. As of September 23, 2021, Wolfe Research has initiated its “an Outperform” rating for UE. Earlier on September 20, 2021, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for UE stock which previously was a “an In-line”.
Analyzing UE Stock Performance
During the last five days, there has been a drop of approximately -2.77%. Over the course of the year, Urban Edge Properties shares have dropped approximately -11.80%. Shares of the company reached a 52-week high of $18.40 on 01/02/24 and a 52-week low of $15.85 on 04/10/24. A 50-day SMA is recorded $16.98, while a 200-day SMA reached $16.67. Nevertheless, trading volume fell to 1.24 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Urban Edge Properties (UE)
According to the 24-hour chart, there is a support level at 15.94, which, if violated, would cause prices to drop to 15.75. In the upper region, resistance lies at 16.31. The next price resistance is at 16.49. RSI (Relative Strength Index) is 39.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.36, which suggests the price will decrease in the coming days. Percent R is at 79.73%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Urban Edge Properties subject to short interest?
Stocks of Urban Edge Properties saw a sharp steep in short interest on Mar 15, 2024 dropping by 80000.0 shares to 4.4 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.48 million shares. A decline of -1.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.23 of the overall float, the days-to-cover ratio (short ratio) decline to 5.23.
