In a filing, Unity Software Inc revealed its Director Lee Michelle K. unloaded Company’s shares for reported $14416.0 on Jul 18 ’24. In the deal valued at $18.02 per share,800 shares were sold. As a result of this transaction, Lee Michelle K. now holds 8,815 shares worth roughly $0.15 million.
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Then, Gupta Anirma sold 1,566 shares, generating $24,868 in total proceeds. Upon selling the shares at $15.88, the SVP, Chief Legal Officer now owns 362,644 shares.
Before that, Lee Michelle K. sold 800 shares. Unity Software Inc shares valued at $13,056 were divested by the Director at a price of $16.32 per share. As a result of the transaction, Lee Michelle K. now holds 9,261 shares, worth roughly $0.15 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 Friday, Unity Software Inc [NYSE:U] saw its stock jump 2.66% to $16.61. Over the last five days, the stock has gained 2.47%. Unity Software Inc shares have fallen nearly -59.38% since the year began. Nevertheless, the stocks have fallen -61.67% over the past one year. While a 52-week high of $47.16 was reached on 01/02/24, a 52-week low of $15.15 was recorded on 07/09/24. SMA at 50 days reached $17.49, while 200 days put it at $26.70. A total of 7.3 million shares were traded, compared to the trading of 8.19 million shares in the previous session.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 16.31, which if violated will result in even more drops to 16.00. On the upside, there is a resistance level at 16.85. A further resistance level may holdings at 17.08. The Relative Strength Index (RSI) on the 14-day chart is 48.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.67%. Stochastics%K at 30.37% indicates the stock is a holding.
