BankUnited Inc’s filing revealed that its Officer of Subsidiary Malcolm Kevin A. unloaded Company’s shares for reported $62106.0 on Mar 05 ’24. In the deal valued at $27.18 per share,2,285 shares were sold. As a result of this transaction, Malcolm Kevin A. now holds 11,750 shares worth roughly $0.34 million.
Barclays initiated its BankUnited Inc [BKU] rating to an Equal weight in a research note published on March 08, 2024; the price target was $29. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. Citigroup began covering BKU with “Neutral” recommendation on December 01, 2023. Piper Sandler revised its rating on April 26, 2023. It rated BKU as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of BKU
On Monday, BankUnited Inc [NYSE:BKU] saw its stock jump 0.28% to $28.93. Over the last five days, the stock has gained 5.78%. BankUnited Inc shares have fallen nearly -10.79% since the year began. Nevertheless, the stocks have risen 64.19% over the past one year. While a 52-week high of $34.22 was reached on 01/02/24, a 52-week low of $15.83 was recorded on 04/16/24. SMA at 50 days reached $26.94, while 200 days put it at $26.74. A total of 0.56 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For BKU Stock
The 24-hour chart illustrates a support level at 28.82, which if violated will result in even more drops to 28.71. On the upside, there is a resistance level at 29.13. A further resistance level may holdings at 29.32. The Relative Strength Index (RSI) on the 14-day chart is 64.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.01%. Stochastics %K at 90.02% indicates the stock is a selling.
