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. Upstart Holdings Inc shares valued at $378,002 were sold by Gu Paul on Jun 03 ’24. At $25.20 per share, Gu Paul sold 15,000 shares. The insider’s holdings dropped to 894,629 shares worth approximately $24.04 million following the completion of this transaction.
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Also, Darling Scott sold 3,000 shares, netting a total of over 76,334 in proceeds. Following the sale of shares at $25.44 each, the insider now holds 196,993 shares.
Before that, Datta Sanjay had sold 1,000 shares from its account. In a trade valued at $25,490, the Chief Financial Officer traded Upstart Holdings Inc shares for $25.49 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $10.22 million.
As published in a research note from Redburn Atlantic on June 04, 2024, Upstart Holdings Inc [UPST] has been rated up from a Sell to a Neutral and the price target has been revised to $25.50 from $22.50. Analysts at BofA Securities started covering the stock with ‘”an Underperform”‘ outlook in a report released in early April. As of September 25, 2023, Needham has initiated its “Hold” rating for UPST. Earlier on July 27, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Neutral” for UPST stock.
Analyzing UPST Stock Performance
During the last five days, there has been a surge of approximately 10.67%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -34.24%. 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 $24.56, while a 200-day SMA reached $28.68. Nevertheless, trading volume fell to 4.25 million shares from 4.21 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 26.10, which, if violated, would cause prices to drop to 25.34. In the upper region, resistance lies at 27.26. The next price resistance is at 27.65. RSI (Relative Strength Index) is 59.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.35, which suggests the price will increase in the coming days. Percent R is at 0.23%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
