Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $22,220 were sold by Datta Sanjay on Jun 17 ’24. At $22.22 per share, Datta Sanjay sold 1,000 shares. The insider’s holdings dropped to 378,398 shares worth approximately $8.28 million following the completion of this transaction.
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Also, Datta Sanjay sold 1,000 shares, netting a total of over 24,000 in proceeds. Following the sale of shares at $24.00 each, the insider now holds 379,398 shares.
Before that, Gu Paul had sold 15,000 shares from its account. In a trade valued at $378,002, the Chief Technology Offier traded Upstart Holdings Inc shares for $25.20 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $19.57 million.
As published in their initiating research note from BTIG Research on June 07, 2024, Upstart Holdings Inc [UPST] has been a Sell and the price target has been revised to $14. Analysts at Redburn Atlantic upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of April 04, 2024, BofA Securities has initiated its “an Underperform” rating for UPST. Earlier on September 25, 2023, Needham initiated its rating. Their recommendation was “a Hold” for UPST stock.
Analyzing UPST Stock Performance
During the last five days, there has been a drop of approximately -12.41%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -46.45%. 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 $24.06, while a 200-day SMA reached $28.30. Nevertheless, trading volume fell to 4.14 million shares from 3.04 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 21.62, which, if violated, would cause prices to drop to 21.35. In the upper region, resistance lies at 22.37. The next price resistance is at 22.86. RSI (Relative Strength Index) is 39.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.86, which suggests the price will decrease in the coming days. Percent R is at 97.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
