Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UDR Inc shares valued at $3,556,476 were sold by TOOMEY THOMAS W on Jun 07 ’24. At $39.52 per share, TOOMEY THOMAS W sold 90,000 shares. The insider’s holdings dropped to 849,716 shares worth approximately $34.56 million following the completion of this transaction.
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Also, Lacy Michael D sold 4,500 shares, netting a total of over 171,765 in proceeds. Following the sale of shares at $38.17 each, the insider now holds 8,566 shares.
Before that, TOOMEY THOMAS W had sold 45,000 shares from its account. In a trade valued at $1,705,500, the Chairman and CEO traded UDR Inc shares for $37.90 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $38.22 million.
As published in a research note from BMO Capital Markets on July 15, 2024, UDR Inc [UDR] has been rated up from a Market perform to an Outperform and the price target has been revised to $45 from $39. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early May. As of April 25, 2024, UBS has increased its “Neutral” rating to a “Buy” for UDR. Earlier on April 10, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for UDR stock which previously was a “an Underweight”.
Analyzing UDR Stock Performance
During the last five days, there has been a drop of approximately -2.31%. Over the course of the year, UDR Inc shares have jumped approximately 6.22%. Shares of the company reached a 52-week high of $42.42 on 07/18/24 and a 52-week low of $34.19 on 02/13/24. A 50-day SMA is recorded $40.18, while a 200-day SMA reached $37.13. Nevertheless, trading volume fell to 2.02 million shares from 2.02 million shares the previous day.
Support And Resistance Levels for UDR Inc (UDR)
According to the 24-hour chart, there is a support level at 39.99, which, if violated, would cause prices to drop to 39.30. In the upper region, resistance lies at 41.72. The next price resistance is at 42.76. RSI (Relative Strength Index) is 47.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 76.09%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
