Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $464,540 were sold by Datta Sanjay on May 20 ’24. At $25.61 per share, Datta Sanjay sold 18,138 shares. The insider’s holdings dropped to 382,398 shares worth approximately $8.86 million following the completion of this transaction.
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Also, Gu Paul sold 15,131 shares, netting a total of over 387,478 in proceeds. Following the sale of shares at $25.61 each, the insider now holds 894,629 shares.
Before that, Darling Scott had sold 4,383 shares from its account. In a trade valued at $112,279, the Chief Legal Officer traded Upstart Holdings Inc shares for $25.62 each. Upon closing the transaction, the insider’s holdings decreased to 4,383 shares, worth approximately $4.63 million.
As published in their initiating research note from BofA Securities on April 04, 2024, Upstart Holdings Inc [UPST] has been an Underperform and the price target has been revised to $22. Analysts at Needham started covering the stock with ‘”a Hold”‘ outlook in a report released in late September. As of July 27, 2023, B. Riley Securities has initiated its “Neutral” rating for UPST. Earlier on June 14, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for UPST stock.
Analyzing UPST Stock Performance
During the last five days, there has been a drop of approximately -9.57%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -43.32%. Shares of the company reached a 52-week high of $40.82 on 01/02/24 and a 52-week low of $20.68 on 05/08/24. A 50-day SMA is recorded $24.67, while a 200-day SMA reached $29.06. Nevertheless, trading volume fell to 4.31 million shares from 3.38 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 22.59, which, if violated, would cause prices to drop to 22.01. In the upper region, resistance lies at 24.07. The next price resistance is at 24.97. RSI (Relative Strength Index) is 43.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.49, which suggests the price will decrease in the coming days. Percent R is at 73.87%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
