In a filing, UDR Inc revealed its Chairman and CEO TOOMEY THOMAS W unloaded Company’s shares for reported $1.71 million on Dec 26 ’23. In the deal valued at $37.90 per share,45,000 shares were sold. As a result of this transaction, TOOMEY THOMAS W now holds 939,716 shares worth roughly $34.78 million.
Piper Sandler upgraded its UDR Inc [UDR] rating to a Neutral from a an Underweight in a research note published on April 10, 2024; the price target was increased to $40 from $34. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early March from “an Equal weight” to “an Overweight”. Morgan Stanley also remained covering UDR and has decreased its forecast on February 26, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of UDR
On Monday, UDR Inc [NYSE:UDR] saw its stock jump 1.68% to $37.01. Over the last five days, the stock has gained 3.24%. UDR Inc shares have fallen nearly -3.34% since the year began. Nevertheless, the stocks have fallen -10.86% over the past one year. While a 52-week high of $43.96 was reached on 01/12/24, a 52-week low of $30.95 was recorded on 02/13/24. SMA at 50 days reached $36.49, while 200 days put it at $37.00. A total of 2.5 million shares were traded, compared to the trading of 3.67 million shares in the previous session.
Levels Of Support And Resistance For UDR Stock
The 24-hour chart illustrates a support level at 36.50, which if violated will result in even more drops to 36.00. On the upside, there is a resistance level at 37.29. A further resistance level may holdings at 37.58. The Relative Strength Index (RSI) on the 14-day chart is 53.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.69%. Stochastics %K at 44.56% indicates the stock is a holding.
