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URBN (Urban Outfitters, Inc.) may reap gains as insiders became active recently

Urban Outfitters, Inc.’s recently made public that its Chief Administrative Officer Hayne Azeez unloaded Company’s shares for reported $0.58 million on May 28 ’24. In the deal valued at $41.78 per share,13,967 shares were sold. As a result of this transaction, Hayne Azeez now holds 0 shares worth roughly $0.0.

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Then, Smith Tricia D sold 6,250 shares, generating $254,625 in total proceeds. Upon selling the shares at $40.74, the Global CEO Anthropologie Group now owns 6,353 shares.

Before that, Marein-Efron Melanie sold 6,000 shares. Urban Outfitters, Inc. shares valued at $244,290 were divested by the Chief Financial Officer at a price of $40.72 per share. As a result of the transaction, Marein-Efron Melanie now holds 908 shares, worth roughly $40278.88.

Telsey Advisory Group reiterated its Urban Outfitters, Inc. [URBN] rating to an Outperform in a research note published on May 22, 2024; the price target was $49. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid April from “a Hold” to “an Underperform”. Telsey Advisory Group also remained covering URBN and reiterated its “an Outperform” recommendation on February 28, 2024. UBS revised its rating on February 12, 2024. It rated URBN as “a Neutral” which previously was an “a Sell”.

Price Performance Review of URBN

On Tuesday, Urban Outfitters, Inc. [NASDAQ:URBN] saw its stock fall -1.51% to $44.36. Over the last five days, the stock has lost -0.27%. Urban Outfitters, Inc. shares have risen nearly 24.29% since the year began. Nevertheless, the stocks have risen 41.54% over the past one year. While a 52-week high of $47.29 was reached on 02/27/24, a 52-week low of $30.05 was recorded on 01/05/24. SMA at 50 days reached $41.14, while 200 days put it at $38.39. A total of 1.08 million shares were traded, compared to the trading of 1.27 million shares in the previous session.

Levels Of Support And Resistance For URBN Stock

The 24-hour chart illustrates a support level at 43.92, which if violated will result in even more drops to 43.48. On the upside, there is a resistance level at 45.18. A further resistance level may holdings at 46.00. The Relative Strength Index (RSI) on the 14-day chart is 58.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.91%. Stochastics %K at 88.13% indicates the stock is a selling.

The most recent change occurred on January 10, 2024 when Telsey Advisory Group resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $44.

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