Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Urban Outfitters, Inc. shares valued at $254,625 were sold by Smith Tricia D on Mar 12 ’24. At $40.74 per share, Smith Tricia D sold 6,250 shares. The insider’s holdings dropped to 6,353 shares worth approximately $0.26 million following the completion of this transaction.
Also, Marein-Efron Melanie sold 6,000 shares, netting a total of over 244,290 in proceeds. Following the sale of shares at $40.72 each, the insider now holds 908 shares.
Before that, Hayne Azeez had sold 2,878 shares from its account. In a trade valued at $117,998, the Chief Administrative Officer traded Urban Outfitters, Inc. shares for $41.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,878 shares, worth approximately $0.0.
As published in a research note from Jefferies on April 17, 2024, Urban Outfitters, Inc. [URBN] has been rated down from a Hold to an Underperform and the price target has been revised to $32 from $42. Analysts at Telsey Advisory Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in late February. As of February 12, 2024, UBS has increased its “Sell” rating to a “Neutral” for URBN. Earlier on January 10, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for URBN stock.
Analyzing URBN Stock Performance
During the last five days, there has been a surge of approximately 6.10%. Over the course of the year, Urban Outfitters, Inc. shares have jumped approximately 14.46%. Shares of the company reached a 52-week high of $47.29 on 02/27/24 and a 52-week low of $34.25 on 01/05/24. A 50-day SMA is recorded $40.87, while a 200-day SMA reached $37.22. Nevertheless, trading volume fell to 1.04 million shares from 1.2 million shares the previous day.
Support And Resistance Levels for Urban Outfitters, Inc. (URBN)
According to the 24-hour chart, there is a support level at 40.42, which, if violated, would cause prices to drop to 39.98. In the upper region, resistance lies at 41.14. The next price resistance is at 41.42. RSI (Relative Strength Index) is 55.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 13.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
