Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $35.68 million following the completion of this transaction.
As published in a research note from UBS on April 25, 2024, UDR Inc [UDR] has been rated up from a Neutral to a Buy and the price target has been revised to $44 from $38. Analysts at Piper Sandler upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of March 04, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for UDR. Earlier on February 26, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for UDR stock which previously was a “an Overweight”.
Analyzing UDR Stock Performance
During the last five days, there has been a surge of approximately 6.12%. Over the course of the year, UDR Inc shares have dropped approximately -0.84%. 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 $36.65, while a 200-day SMA reached $36.93. Nevertheless, trading volume fell to 2.35 million shares from 2.41 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 37.74, which, if violated, would cause prices to drop to 37.51. In the upper region, resistance lies at 38.18. The next price resistance is at 38.39. RSI (Relative Strength Index) is 60.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 7.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
