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Morgan Stanley upgrades Urban Edge Properties (UE) stock to an Equal-weight

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Urban Edge Properties’s filing revealed that its General Counsel and Secretary Milton Robert C. III unloaded Company’s shares for reported $0.45 million on Mar 12 ’24. In the deal valued at $17.02 per share,26,333 shares were sold. As a result of this transaction, Milton Robert C. III now holds 0 shares worth roughly $0.0.

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Morgan Stanley upgraded its Urban Edge Properties [UE] rating to an Equal-weight from a an Underweight in a research note published on December 21, 2023; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “an In-line”. Wolfe Research began covering UE with “an Outperform” recommendation on September 23, 2021. Evercore ISI revised its rating on September 20, 2021. It rated UE as “an Outperform” which previously was an “an In-line”.

Price Performance Review of UE

On Friday, Urban Edge Properties [NYSE:UE] saw its stock fall -0.11% to $18.07. Over the last five days, the stock has gained 0.39%. Urban Edge Properties shares have fallen nearly -1.26% since the year began. Nevertheless, the stocks have risen 21.68% over the past one year. While a 52-week high of $18.79 was reached on 01/02/24, a 52-week low of $14.13 was recorded on 04/16/24. SMA at 50 days reached $17.16, while 200 days put it at $16.87. A total of 2.13 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For UE Stock

The 24-hour chart illustrates a support level at 17.97, which if violated will result in even more drops to 17.87. On the upside, there is a resistance level at 18.19. A further resistance level may holdings at 18.31. The Relative Strength Index (RSI) on the 14-day chart is 62.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.59%. Stochastics %K at 91.11% indicates the stock is a selling.

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