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U Shares Experience Decline in Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unity Software Inc shares valued at $13,056 were sold by Lee Michelle K. on Jun 18 ’24. At $16.32 per share, Lee Michelle K. sold 800 shares. The insider’s holdings dropped to 9,261 shares worth approximately $0.14 million following the completion of this transaction.

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Also, Whitten Marc sold 9,405 shares, netting a total of over 176,908 in proceeds. Following the sale of shares at $18.81 each, the insider now holds 948,836 shares.

Before that, Whitten Marc had sold 2,483 shares from its account. In a trade valued at $46,805, the Chief Prod & Tech Officer traded Unity Software Inc shares for $18.85 each. Upon closing the transaction, the insider’s holdings decreased to 2,483 shares, worth approximately $0.0.

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 -13.29%. Over the course of the year, Unity Software Inc shares have dropped approximately -62.02%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $15.38 on 06/20/24. A 50-day SMA is recorded $21.34, while a 200-day SMA reached $28.83. Nevertheless, trading volume fell to 8.98 million shares from 5.79 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 15.28, which, if violated, would cause prices to drop to 15.02. In the upper region, resistance lies at 15.89. The next price resistance is at 16.24. RSI (Relative Strength Index) is 23.23 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 95.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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