The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BankUnited Inc shares valued at $43,920 were sold by DiGiacomo John N. on May 21 ’24. At $29.28 per share, DiGiacomo John N. sold 1,500 shares. The insider’s holdings dropped to 13,482 shares worth approximately $0.39 million following the completion of this transaction.
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Also, Malcolm Kevin A. sold 2,285 shares, netting a total of over 62,106 in proceeds. Following the sale of shares at $27.18 each, the insider now holds 11,750 shares.
As published in their initiating research note from Barclays on March 08, 2024, BankUnited Inc [BKU] has been an Equal weight and the price target has been revised to $29. Analysts at UBS downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of December 01, 2023, Citigroup has initiated its “Neutral” rating for BKU. Earlier on April 26, 2023, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for BKU stock which previously was a “an Underweight”.
Analyzing BKU Stock Performance
During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, BankUnited Inc shares have dropped approximately -10.55%. Shares of the company reached a 52-week high of $32.96 on 01/02/24 and a 52-week low of $24.34 on 04/16/24. A 50-day SMA is recorded $27.49, while a 200-day SMA reached $26.75. Nevertheless, trading volume fell to 0.56 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for BankUnited Inc (BKU)
According to the 24-hour chart, there is a support level at 28.76, which, if violated, would cause prices to drop to 28.51. In the upper region, resistance lies at 29.34. The next price resistance is at 29.67. RSI (Relative Strength Index) is 55.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 60.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
