Urban Outfitters, Inc.’s filing revealed that its Global CEO Anthropologie Group Smith Tricia D unloaded Company’s shares for reported $0.25 million on Mar 12 ’24. In the deal valued at $40.74 per share,6,250 shares were sold. As a result of this transaction, Smith Tricia D now holds 6,353 shares worth roughly $0.24 million.
Then, Marein-Efron Melanie sold 6,000 shares, generating $244,290 in total proceeds. Upon selling the shares at $40.72, the Chief Financial Officer now owns 908 shares.
Before that, Hayne Azeez sold 2,878 shares. Urban Outfitters, Inc. shares valued at $117,998 were divested by the Chief Administrative Officer at a price of $41.00 per share. As a result of the transaction, Hayne Azeez now holds 0 shares, worth roughly $0.0.
Telsey Advisory Group reiterated its Urban Outfitters, Inc. [URBN] rating to an Outperform in a research note published on February 28, 2024; the price target was $48. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Neutral”. Telsey Advisory Group also remained covering URBN and reiterated its “an Outperform” recommendation on January 10, 2024. Morgan Stanley revised its rating on November 22, 2023. It rated URBN as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of URBN
On Tuesday, Urban Outfitters, Inc. [NASDAQ:URBN] saw its stock fall -0.50% to $38.02. Over the last five days, the stock has lost -2.76%. Urban Outfitters, Inc. shares have risen nearly 6.53% since the year began. Nevertheless, the stocks have risen 43.42% over the past one year. While a 52-week high of $47.29 was reached on 02/27/24, a 52-week low of $25.52 was recorded on 01/05/24. SMA at 50 days reached $42.02, while 200 days put it at $36.83. A total of 1.81 million shares were traded, compared to the trading of 2.05 million shares in the previous session.
Levels Of Support And Resistance For URBN Stock
The 24-hour chart illustrates a support level at 37.50, which if violated will result in even more drops to 36.97. On the upside, there is a resistance level at 38.35. A further resistance level may holdings at 38.67. The Relative Strength Index (RSI) on the 14-day chart is 35.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.27%. Stochastics %K at 6.82% indicates the stock is a buying.
