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. UDR Inc shares valued at $1,705,500 were sold by TOOMEY THOMAS W on Dec 26 ’23. At $37.90 per share, TOOMEY THOMAS W sold 45,000 shares. The insider’s holdings dropped to 939,716 shares worth approximately $33.62 million following the completion of this transaction.
As published in a research note from Piper Sandler on April 10, 2024, UDR Inc [UDR] has been rated up from an Underweight to a Neutral and the price target has been revised to $40 from $34. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early March. As of February 26, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for UDR.
Analyzing UDR Stock Performance
During the last five days, there has been a drop of approximately -3.74%. Over the course of the year, UDR Inc shares have dropped approximately -6.56%. Shares of the company reached a 52-week high of $39.10 on 01/12/24 and a 52-week low of $34.19 on 02/13/24. A 50-day SMA is recorded $36.44, while a 200-day SMA reached $37.07. Nevertheless, trading volume fell to 3.35 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for UDR Inc (UDR)
According to the 24-hour chart, there is a support level at 35.30, which, if violated, would cause prices to drop to 34.81. In the upper region, resistance lies at 36.11. The next price resistance is at 36.43. RSI (Relative Strength Index) is 43.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 77.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
