Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unity Software Inc shares valued at $1,787,421 were sold by Whitten Marc on May 22 ’24. At $20.60 per share, Whitten Marc sold 86,768 shares. The insider’s holdings dropped to 2,483 shares worth approximately $48666.8 following the completion of this transaction.
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Also, Carpenter Carol W. sold 2,000 shares, netting a total of over 48,360 in proceeds. Following the sale of shares at $24.18 each, the insider now holds 442,617 shares.
Before that, Gupta Anirma had sold 1,037 shares from its account. In a trade valued at $25,324, the SVP, Chief Legal Officer traded Unity Software Inc shares for $24.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,037 shares, worth approximately $7.58 million.
As published in a research note from Piper Sandler on February 27, 2024, Unity Software Inc [U] has been rated up from an Underweight to a Neutral and the price target has been revised to $30 from $35. Analysts at Macquarie downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid February. As of January 02, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for U. Earlier on December 18, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for U stock.
Analyzing U Stock Performance
During the last five days, there has been a drop of approximately -11.27%. Over the course of the year, Unity Software Inc shares have dropped approximately -52.07%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $19.47 on 05/23/24. A 50-day SMA is recorded $24.52, while a 200-day SMA reached $30.45. Nevertheless, trading volume fell to 11.77 million shares from 8.19 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 19.25, which, if violated, would cause prices to drop to 18.91. In the upper region, resistance lies at 20.16. The next price resistance is at 20.72. RSI (Relative Strength Index) is 27.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.26, which suggests the price will decrease in the coming days. Percent R is at 97.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
