Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UMH Properties Inc shares valued at $155,918 were sold by Taft Brett on Apr 03 ’24. At $15.91 per share, Taft Brett sold 9,800 shares. The insider’s holdings dropped to 97,049 shares worth approximately $1.57 million following the completion of this transaction.
Also, Carus Jeffrey A purchased 99 shares, netting a total of over 1,500 in proceeds. Following the buying of shares at $15.12 each, the insider now holds 509 shares.
Before that, LANDY EUGENE W had sold 1,108 shares from its account. In a trade valued at $18,005, the Chairman traded UMH Properties Inc shares for $16.25 each. Upon closing the transaction, the insider’s holdings decreased to 1,108 shares, worth approximately $14.49 million.
As of July 12, 2023, Wolfe Research has decreased its “an Outperform” rating to a “Peer perform” for UMH. Earlier on October 13, 2022, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for UMH stock.
Analyzing UMH Stock Performance
During the last five days, there has been a surge of approximately 1.00%. Over the course of the year, UMH Properties Inc shares have jumped approximately 5.81%. Shares of the company reached a 52-week high of $16.61 on 04/09/24 and a 52-week low of $14.09 on 02/28/24. A 50-day SMA is recorded $15.82, while a 200-day SMA reached $15.03. Nevertheless, trading volume fell to 0.67 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for UMH Properties Inc (UMH)
According to the 24-hour chart, there is a support level at 15.98, which, if violated, would cause prices to drop to 15.76. In the upper region, resistance lies at 16.33. The next price resistance is at 16.46. RSI (Relative Strength Index) is 58.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 1.89%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
