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. UL Solutions Inc shares valued at $2,999,976 were purchased by Coyne Frank J on Apr 16 ’24. At $28.00 per share, Coyne Frank J acquired 107,142 shares. The insider’s holdings grew to 107,142 shares worth approximately $4.42 million following the completion of this transaction.
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Also, Scanlon Jennifer F. purchased 89,285 shares, netting a total of over 2,499,980 in proceeds. Following the buying of shares at $28.00 each, the insider now holds 89,285 shares.
Before that, DOLLIVE JAMES P had added 71,428 shares to its account. In a trade valued at $1,999,984, the Director bought UL Solutions Inc shares for $28.00 each. Upon closing the transaction, the insider’s holdings increased to 71,428 shares, worth approximately $2.95 million.
As published in their initiating research note from William Blair on May 07, 2024, UL Solutions Inc [ULS] has been an Outperform. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early May. As of May 07, 2024, UBS has initiated its “Neutral” rating for ULS. Earlier on May 07, 2024, Stifel initiated its rating. Their recommendation was “a Buy” for ULS stock.
Analyzing ULS Stock Performance
During the last five days, there has been a surge of approximately 5.84%. Over the course of the year, UL Solutions Inc shares have jumped approximately 18.20%. Nevertheless, trading volume fell to 0.54 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for UL Solutions Inc (ULS)
According to the 24-hour chart, there is a support level at 40.53, which, if violated, would cause prices to drop to 39.77. In the upper region, resistance lies at 41.89. The next price resistance is at 42.49. RSI (Relative Strength Index) is 62.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 26.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
