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Monitoring UFP Industries Inc (UFPI) after recent insider movements

UFP Industries Inc’s recent filing unveils that its Chief Executive Officer MISSAD MATTHEW J unloaded Company’s shares for reported $2.85 million on Mar 13 ’24. In the deal valued at $114.02 per share,24,982 shares were sold. As a result of this transaction, MISSAD MATTHEW J now holds 338,346 shares worth roughly $38.13 million.

Then, MISSAD MATTHEW J sold 5,018 shares, generating $572,303 in total proceeds. Upon selling the shares at $114.05, the Chief Executive Officer now owns 363,328 shares.

Before that, Benton Patrick M. sold 468 shares. UFP Industries Inc shares valued at $51,667 were divested by the Pres, UFP Construction, LLC at a price of $110.40 per share. As a result of the transaction, Benton Patrick M. now holds 122,578 shares, worth roughly $13.81 million.

DA Davidson downgraded its UFP Industries Inc [UFPI] rating to a Neutral from a a Buy in a research note published on November 01, 2023; the price target was decreased to $106 from $122. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “a Buy”. Stifel started covering the stock on March 11, 2020. It rated UFPI as “a Buy”.

Price Performance Review of UFPI

On Tuesday, UFP Industries Inc [NASDAQ:UFPI] saw its stock fall -2.67% to $112.70. Over the last five days, the stock has lost -1.16%. UFP Industries Inc shares have fallen nearly -10.23% since the year began. Nevertheless, the stocks have risen 43.53% over the past one year. While a 52-week high of $128.65 was reached on 01/02/24, a 52-week low of $76.89 was recorded on 02/20/24. SMA at 50 days reached $115.40, while 200 days put it at $109.69. A total of 0.41 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For UFPI Stock

The 24-hour chart illustrates a support level at 111.69, which if violated will result in even more drops to 110.67. On the upside, there is a resistance level at 114.54. A further resistance level may holdings at 116.37. The Relative Strength Index (RSI) on the 14-day chart is 44.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.57%. Stochastics %K at 53.92% indicates the stock is a holding.

The most recent change occurred on March 05, 2020 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $57 price target.

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