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Potential Price Increase for UDR Inc (UDR) After Recent Insider Activity


In a filing, UDR Inc revealed its SVP-Property Operations Lacy Michael D unloaded Company’s shares for reported $0.17 million on May 10 ’24. In the deal valued at $38.17 per share,4,500 shares were sold. As a result of this transaction, Lacy Michael D now holds 8,566 shares worth roughly $0.34 million.

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Then, TOOMEY THOMAS W sold 45,000 shares, generating $1,705,500 in total proceeds. Upon selling the shares at $37.90, the Chairman and CEO now owns 939,716 shares.

Scotiabank downgraded its UDR Inc [UDR] rating to a Sector perform from a a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late April from “a Neutral” to “a Buy”. Piper Sandler also remained covering UDR and has increased its forecast on April 10, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Wells Fargo revised its rating on March 04, 2024. It rated UDR as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of UDR

On Monday, UDR Inc [NYSE:UDR] saw its stock jump 0.20% to $39.12. Over the last five days, the stock has gained 0.59%. UDR Inc shares have risen nearly 2.17% since the year began. Nevertheless, the stocks have fallen -5.14% over the past one year. While a 52-week high of $43.96 was reached on 05/13/24, a 52-week low of $30.95 was recorded on 02/13/24. SMA at 50 days reached $37.30, while 200 days put it at $36.67. A total of 1.63 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For UDR Stock

The 24-hour chart illustrates a support level at 38.93, which if violated will result in even more drops to 38.73. On the upside, there is a resistance level at 39.39. A further resistance level may holdings at 39.65. The Relative Strength Index (RSI) on the 14-day chart is 63.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.08%. Stochastics %K at 88.64% indicates the stock is a selling.

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