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United Therapeutics Corp [UTHR] Investment Appeal on the Rise

In a filing, United Therapeutics Corp revealed its Director RAYMOND DWEK acquired Company’s shares for reported $1.63 million on Aug 02 ’24. In the deal valued at $325.35 per share,5,000 shares were bought.

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Then, ROTHBLATT MARTINE A sold 3,600 shares, generating $1,146,210 in total proceeds. Upon selling the shares at $318.39, the Chairperson & CEO now owns 130 shares.

Before that, ROTHBLATT MARTINE A sold 3,600 shares. United Therapeutics Corp shares valued at $1,214,630 were divested by the Chairperson & CEO at a price of $337.40 per share. As a result of the transaction, ROTHBLATT MARTINE A now holds 130 shares, worth roughly $42598.4.

Morgan Stanley downgraded its United Therapeutics Corp [UTHR] rating to an Equal-weight from a an Overweight in a research note published on July 11, 2024; the price target was increased to $321 from $310. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid February from “a Sell” to “a Neutral”. Leerink Partners began covering UTHR with “an Outperform” recommendation on February 05, 2024. Wells Fargo started covering the stock on December 08, 2023. It rated UTHR as “an Overweight”.

Price Performance Review of UTHR

On Friday, United Therapeutics Corp [NASDAQ:UTHR] saw its stock fall -0.03% to $327.68. Over the last five days, the stock has lost -3.12%. United Therapeutics Corp shares have risen nearly 49.02% since the year began. Nevertheless, the stocks have risen 36.05% over the past one year. While a 52-week high of $343.98 was reached on 07/25/24, a 52-week low of $208.62 was recorded on 02/08/24. SMA at 50 days reached $307.05, while 200 days put it at $251.38. A total of 0.7 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For UTHR Stock

The 24-hour chart illustrates a support level at 321.67, which if violated will result in even more drops to 315.66. On the upside, there is a resistance level at 332.04. A further resistance level may holdings at 336.40. The Relative Strength Index (RSI) on the 14-day chart is 53.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.97%. Stochastics%K at 38.02% indicates the stock is a holding.

The most recent change occurred on December 06, 2022 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $320 price target.

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