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TD Cowen reiterates Union Pacific Corp. (UNP) stock to a Buy

Union Pacific Corp.’s recent filing unveils that its PRESIDENT Whited Elizabeth F unloaded Company’s shares for reported $0.94 million on Feb 15 ’24. In the deal valued at $250.00 per share,3,750 shares were sold. As a result of this transaction, Whited Elizabeth F now holds 56,682 shares worth roughly $13.44 million.

Then, Whited Elizabeth F sold 3,750 shares, generating $923,850 in total proceeds. Upon selling the shares at $246.36, the PRESIDENT now owns 56,682 shares.

Before that, Hamann Jennifer L sold 1,000 shares. Union Pacific Corp. shares valued at $235,000 were divested by the EVP & CHIEF FINANCIAL OFFICER at a price of $235.00 per share. As a result of the transaction, Hamann Jennifer L now holds 98,297 shares, worth roughly $23.31 million.

TD Cowen reiterated its Union Pacific Corp. [UNP] rating to a Buy in a research note published on April 26, 2024; the price target was $258. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early April with a ‘”a Hold”‘ rating. TD Cowen also remained covering UNP and reiterated its “an Outperform” recommendation on January 26, 2024. Bernstein revised its rating on January 22, 2024. It rated UNP as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of UNP

On Tuesday, Union Pacific Corp. [NYSE:UNP] saw its stock fall -1.57% to $237.16. Over the last five days, the stock has gained 0.37%. Union Pacific Corp. shares have fallen nearly -3.44% since the year began. Nevertheless, the stocks have risen 21.19% over the past one year. While a 52-week high of $258.66 was reached on 02/26/24, a 52-week low of $190.71 was recorded on 04/17/24. SMA at 50 days reached $243.98, while 200 days put it at $229.74. A total of 1.74 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For UNP Stock

The 24-hour chart illustrates a support level at 235.93, which if violated will result in even more drops to 234.70. On the upside, there is a resistance level at 239.23. A further resistance level may holdings at 241.29. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 45.22%. Stochastics %K at 73.29% indicates the stock is a holding.

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