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. Ultralife Corp shares valued at $8,600 were purchased by Manna Michael Edward on Mar 13 ’24. At $8.60 per share, Manna Michael Edward acquired 1,000 shares. The insider’s holdings grew to 18,374 shares worth approximately $0.2 million following the completion of this transaction.
Also, WHITMORE BRADFORD T purchased 7,000 shares, netting a total of over 50,339 in proceeds. Following the buying of shares at $7.19 each, the insider now holds 1,226,842 shares.
Before that, WHITMORE BRADFORD T had added 8,877 shares to its account. In a trade valued at $60,604, the Director bought Ultralife Corp shares for $6.83 each. Upon closing the transaction, the insider’s holdings increased to 8,877 shares, worth approximately $13.06 million.
As published in their initiating research note from The Benchmark Company on March 26, 2021, Ultralife Corp [ULBI] has been a Buy and the price target has been revised to $12. Analysts at Ardour Capital downgraded the stock from ‘”a Hold”‘ to ‘”a Reduce”‘ outlook in a report released in early May. As of November 04, 2011, Ardour Capital has decreased its “Accumulate” rating to a “Hold” for ULBI. Earlier on May 06, 2011, Ardour Capital resumed its rating. Their recommendation was “a Hold” for ULBI stock.
Analyzing ULBI Stock Performance
During the last five days, there has been a surge of approximately 21.57%. Over the course of the year, Ultralife Corp shares have jumped approximately 57.04%. Shares of the company reached a 52-week high of $10.75 on 04/25/24 and a 52-week low of $6.36 on 01/08/24. A 50-day SMA is recorded $9.14, while a 200-day SMA reached $8.31. Nevertheless, trading volume fell to 0.51 million shares from 50500.0 shares the previous day.
Support And Resistance Levels for Ultralife Corp (ULBI)
According to the 24-hour chart, there is a support level at 10.15, which, if violated, would cause prices to drop to 9.59. In the upper region, resistance lies at 11.01. The next price resistance is at 11.31. RSI (Relative Strength Index) is 67.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 1.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
