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UWMC Shares Experience Surge in Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UWM Holdings Corporation shares valued at $208,000 were purchased by Verdun Robert on Sep 13 ’23. At $5.20 per share, Verdun Robert acquired 40,000 shares. The insider’s holdings grew to 204,725 shares worth approximately $1.56 million following the completion of this transaction.

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As published in a research note from Keefe Bruyette on April 09, 2024, UWM Holdings Corporation [UWMC] has been rated up from an Underperform to a Mkt perform and the price target has been revised to $6. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in early January. As of January 10, 2024, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for UWMC.

Analyzing UWMC Stock Performance

During the last five days, there has been a surge of approximately 6.43%. Over the course of the year, UWM Holdings Corporation shares have jumped approximately 6.43%. Shares of the company reached a 52-week high of $7.75 on 03/25/24 and a 52-week low of $5.82 on 02/28/24. A 50-day SMA is recorded $6.80, while a 200-day SMA reached $6.20. Nevertheless, trading volume fell to 1.11 million shares from 1.39 million shares the previous day.

Support And Resistance Levels for UWM Holdings Corporation (UWMC)

According to the 24-hour chart, there is a support level at 7.54, which, if violated, would cause prices to drop to 7.47. In the upper region, resistance lies at 7.67. The next price resistance is at 7.74. RSI (Relative Strength Index) is 62.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.28, which suggests the price will decrease in the coming days. Percent R is at 7.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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