In a filing, UL Solutions Inc revealed its Director Coyne Frank J acquired Company’s shares for reported $3.0 million on Apr 16 ’24. In the deal valued at $28.00 per share,107,142 shares were bought. As a result of this transaction, Coyne Frank J now holds 107,142 shares worth roughly $4.52 million.
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Then, Scanlon Jennifer F. bought 89,285 shares, generating $2,499,980 in total proceeds. Upon buying the shares at $28.00, the President and CEO now owns 89,285 shares.
Before that, DOLLIVE JAMES P bought 71,428 shares. UL Solutions Inc shares valued at $1,999,984 were divested by the Director at a price of $28.00 per share. As a result of the transaction, DOLLIVE JAMES P now holds 71,428 shares, worth roughly $3.01 million.
William Blair initiated its UL Solutions Inc [ULS] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early May with a ‘”an Overweight”‘ rating. UBS began covering ULS with “Neutral” recommendation on May 07, 2024. Stifel started covering the stock on May 07, 2024. It rated ULS as “a Buy”.
Price Performance Review of ULS
On Friday, UL Solutions Inc [NYSE:ULS] saw its stock jump 2.80% to $42.19. Over the last five days, the stock has gained 0.81%. UL Solutions Inc shares have risen nearly 20.75% since the year began. A total of 1.59 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For ULS Stock
The 24-hour chart illustrates a support level at 41.26, which if violated will result in even more drops to 40.33. On the upside, there is a resistance level at 42.69. A further resistance level may holdings at 43.19. The Relative Strength Index (RSI) on the 14-day chart is 63.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.31%. Stochastics%K at 67.54% indicates the stock is a holding.
The most recent change occurred on May 07, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $40 price target.
