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Analysts review Unity Software Inc’s rating

In a filing, Unity Software Inc revealed its SVP, Chief Legal Officer Gupta Anirma unloaded Company’s shares for reported $24868.0 on Jun 24 ’24. In the deal valued at $15.88 per share,1,566 shares were sold. As a result of this transaction, Gupta Anirma now holds 362,644 shares worth roughly $5.81 million.

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Then, Lee Michelle K. sold 800 shares, generating $13,056 in total proceeds. Upon selling the shares at $16.32, the Director now owns 9,261 shares.

Before that, Whitten Marc sold 9,405 shares. Unity Software Inc shares valued at $176,908 were divested by the Chief Prod & Tech Officer at a price of $18.81 per share. As a result of the transaction, Whitten Marc now holds 948,836 shares, worth roughly $15.19 million.

Piper Sandler upgraded its Unity Software Inc [U] rating to a Neutral from a an Underweight in a research note published on February 27, 2024; the price target was decreased to $30 from $35. A number of analysts have revised their coverage, including Macquarie’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “an Underperform”. Piper Sandler also remained covering U and has decreased its forecast on January 02, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. HSBC Securities started covering the stock on December 18, 2023. It rated U as “a Hold”.

Price Performance Review of U

On Tuesday, Unity Software Inc [NYSE:U] saw its stock jump 1.27% to $16.01. Over the last five days, the stock has lost -0.06%. Unity Software Inc shares have fallen nearly -60.85% since the year began. Nevertheless, the stocks have fallen -63.13% over the past one year. While a 52-week high of $50.08 was reached on 01/02/24, a 52-week low of $15.23 was recorded on 06/21/24. SMA at 50 days reached $20.03, while 200 days put it at $27.96. A total of 5.08 million shares were traded, compared to the trading of 9.04 million shares in the previous session.

Levels Of Support And Resistance For U Stock

The 24-hour chart illustrates a support level at 15.77, which if violated will result in even more drops to 15.52. On the upside, there is a resistance level at 16.20. A further resistance level may holdings at 16.38. The Relative Strength Index (RSI) on the 14-day chart is 35.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.58%. Stochastics%K at 23.92% indicates the stock is a holding.

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