Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Universal Technical Institute Inc shares valued at $131,381 were sold by Sanchez Loretta Lydia on Mar 26 ’24. At $15.07 per share, Sanchez Loretta Lydia sold 8,719 shares. The insider’s holdings dropped to 20,000 shares worth approximately $0.33 million following the completion of this transaction.
Also, Coliseum Capital Management, L sold 3,956,427 shares, netting a total of over 59,544,226 in proceeds. Following the sale of shares at $15.05 each, the insider now holds 9,334,215 shares.
Before that, Anderson Troy R had sold 7,173 shares from its account. In a trade valued at $78,473, the EVP and CFO traded Universal Technical Institute Inc shares for $10.94 each. Upon closing the transaction, the insider’s holdings decreased to 7,173 shares, worth approximately $1.46 million.
As published in their initiating research note from Northland Capital on January 10, 2024, Universal Technical Institute Inc [UTI] has been an Outperform and the price target has been revised to $16. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late June. As of July 12, 2022, Rosenblatt has initiated its “Buy” rating for UTI. Earlier on June 28, 2022, Argus upgraded its rating. Their new recommendation was “a Buy” for UTI stock which previously was a “a Hold”.
Analyzing UTI Stock Performance
During the last five days, there has been a surge of approximately 9.16%. Over the course of the year, Universal Technical Institute Inc shares have jumped approximately 33.31%. Shares of the company reached a 52-week high of $17.09 on 05/08/24 and a 52-week low of $12.14 on 01/09/24. A 50-day SMA is recorded $15.04, while a 200-day SMA reached $11.67. Nevertheless, trading volume fell to 0.45 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Universal Technical Institute Inc (UTI)
According to the 24-hour chart, there is a support level at 16.50, which, if violated, would cause prices to drop to 16.32. In the upper region, resistance lies at 16.98. The next price resistance is at 17.28. RSI (Relative Strength Index) is 72.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 13.84%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
