BankUnited Inc’s recent filing unveils that its Officer of Subsidiary Richards Jay D. unloaded Company’s shares for reported $0.37 million on Jul 22 ’24. In the deal valued at $36.61 per share,10,143 shares were sold. As a result of this transaction, Richards Jay D. now holds 37,187 shares worth roughly $1.45 million.
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Then, PAULS DOUGLAS J sold 3,500 shares, generating $127,750 in total proceeds. Upon selling the shares at $36.50, the Director now owns 43,654 shares.
Before that, DiGiacomo John N. sold 1,500 shares. BankUnited Inc shares valued at $43,920 were divested by the Director at a price of $29.28 per share. As a result of the transaction, DiGiacomo John N. now holds 13,482 shares, worth roughly $0.52 million.
Hovde Group reiterated its BankUnited Inc [BKU] rating to an Outperform in a research note published on July 19, 2024; the price target was $41. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. UBS also remained covering BKU and has decreased its forecast on January 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. Citigroup started covering the stock on December 01, 2023. It rated BKU as “a Neutral”.
Price Performance Review of BKU
On Friday, BankUnited Inc [NYSE:BKU] saw its stock jump 2.83% to $38.88. Over the last five days, the stock has gained 5.48%. BankUnited Inc shares have risen nearly 19.89% since the year began. Nevertheless, the stocks have risen 30.25% over the past one year. While a 52-week high of $38.50 was reached on 07/26/24, a 52-week low of $20.84 was recorded on 04/16/24. SMA at 50 days reached $30.26, while 200 days put it at $27.97. A total of 0.83 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For BKU Stock
The 24-hour chart illustrates a support level at 38.04, which if violated will result in even more drops to 37.19. On the upside, there is a resistance level at 39.33. A further resistance level may holdings at 39.77. The Relative Strength Index (RSI) on the 14-day chart is 80.68, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.48%. Stochastics%K at 93.01% indicates the stock is a selling.
