Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BankUnited Inc shares valued at $371,293 were sold by Richards Jay D. on Jul 22 ’24. At $36.61 per share, Richards Jay D. sold 10,143 shares. The insider’s holdings dropped to 37,187 shares worth approximately $1.43 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, PAULS DOUGLAS J sold 3,500 shares, netting a total of over 127,750 in proceeds. Following the sale of shares at $36.50 each, the insider now holds 43,654 shares.
Before that, DiGiacomo John N. had sold 1,500 shares from its account. In a trade valued at $43,920, the Director traded BankUnited Inc shares for $29.28 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $0.52 million.
As published in a research note from Hovde Group on July 19, 2024, BankUnited Inc [BKU] has been retained to an Outperform and the price target has been revised to $41. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of January 08, 2024, UBS has decreased its “Neutral” rating to a “Sell” for BKU. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for BKU stock.
Analyzing BKU Stock Performance
During the last five days, there has been a surge of approximately 3.72%. Over the course of the year, BankUnited Inc shares have jumped approximately 18.78%. Shares of the company reached a 52-week high of $39.51 on 07/31/24 and a 52-week low of $24.34 on 04/16/24. A 50-day SMA is recorded $30.76, while a 200-day SMA reached $28.21. Nevertheless, trading volume fell to 0.87 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for BankUnited Inc (BKU)
According to the 24-hour chart, there is a support level at 37.98, which, if violated, would cause prices to drop to 37.45. In the upper region, resistance lies at 39.28. The next price resistance is at 40.05. RSI (Relative Strength Index) is 75.70 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.88, which suggests the price will increase in the coming days. Percent R is at 12.18%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
