In a filing, Upbound Group Inc revealed its EVP-RAC Blasquez Anthony J unloaded Company’s shares for reported $0.41 million on Mar 14 ’24. In the deal valued at $33.18 per share,12,485 shares were sold. As a result of this transaction, Blasquez Anthony J now holds 58,967 shares worth roughly $1.83 million.
Then, Montrone Ralph T. sold 30,000 shares, generating $1,004,400 in total proceeds. Upon selling the shares at $33.48, the EVP, Acima now owns 55,074 shares.
Before that, BROWN JEFFREY J bought 912 shares. Upbound Group Inc shares valued at $30,041 were divested by the Director at a price of $32.94 per share. As a result of the transaction, BROWN JEFFREY J now holds 82,147 shares, worth roughly $2.55 million.
TD Cowen initiated its Upbound Group Inc [UPBD] rating to an Outperform in a research note published on March 08, 2024; the price target was $43. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in early January from “an Equal-weight” to “an Overweight”.
Price Performance Review of UPBD
On Tuesday, Upbound Group Inc [NASDAQ:UPBD] saw its stock fall -0.35% to $31.00. Over the last five days, the stock has lost -8.31%. Upbound Group Inc shares have fallen nearly -8.74% since the year began. Nevertheless, the stocks have risen 29.49% over the past one year. While a 52-week high of $36.17 was reached on 01/26/24, a 52-week low of $22.93 was recorded on 02/22/24. SMA at 50 days reached $33.27, while 200 days put it at $31.51. A total of 0.37 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For UPBD Stock
The 24-hour chart illustrates a support level at 30.59, which if violated will result in even more drops to 30.18. On the upside, there is a resistance level at 31.22. A further resistance level may holdings at 31.44. The Relative Strength Index (RSI) on the 14-day chart is 34.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.51%. Stochastics %K at 6.41% indicates the stock is a buying.
