UDR Inc’s recently made public that its Chairman and CEO TOOMEY THOMAS W unloaded Company’s shares for reported $3.56 million on Jun 07 ’24. In the deal valued at $39.52 per share,90,000 shares were sold. As a result of this transaction, TOOMEY THOMAS W now holds 849,716 shares worth roughly $34.97 million.
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Then, Lacy Michael D sold 4,500 shares, generating $171,765 in total proceeds. Upon selling the shares at $38.17, the SVP-Property Operations now owns 8,566 shares.
Before that, TOOMEY THOMAS W sold 45,000 shares. UDR Inc shares valued at $1,705,500 were divested by the Chairman and CEO at a price of $37.90 per share. As a result of the transaction, TOOMEY THOMAS W now holds 939,716 shares, worth roughly $38.68 million.
BMO Capital Markets upgraded its UDR Inc [UDR] rating to an Outperform from a a Market perform in a research note published on July 15, 2024; the price target was increased to $45 from $39. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in early May from “a Sector outperform” to “a Sector perform”. UBS also remained covering UDR and has increased its forecast on April 25, 2024 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on April 10, 2024. It rated UDR as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of UDR
On Monday, UDR Inc [NYSE:UDR] saw its stock fall -0.27% to $41.16. Over the last five days, the stock has lost -2.07%. UDR Inc shares have risen nearly 7.50% since the year began. Nevertheless, the stocks have risen 1.50% over the past one year. While a 52-week high of $42.48 was reached on 07/18/24, a 52-week low of $30.95 was recorded on 02/13/24. SMA at 50 days reached $40.25, while 200 days put it at $37.18. A total of 3.03 million shares were traded, compared to the trading of 1.36 million shares in the previous session.
Levels Of Support And Resistance For UDR Stock
The 24-hour chart illustrates a support level at 40.85, which if violated will result in even more drops to 40.54. On the upside, there is a resistance level at 41.48. A further resistance level may holdings at 41.81. The Relative Strength Index (RSI) on the 14-day chart is 53.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.78%. Stochastics%K at 39.71% indicates the stock is a holding.
