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Urban Edge Properties [UE] Investment Appeal on the Rise

Urban Edge Properties’s recently made public that its General Counsel and Secretary Milton Robert C. III unloaded Company’s shares for reported $0.45 million on Mar 12 ’24. In the deal valued at $17.02 per share,26,333 shares were sold. As a result of this transaction, Milton Robert C. III now holds 0 shares worth roughly $0.0.

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Morgan Stanley upgraded its Urban Edge Properties [UE] rating to an Equal-weight from a an Underweight in a research note published on December 21, 2023; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “an In-line”. Wolfe Research began covering UE with “an Outperform” recommendation on September 23, 2021. Evercore ISI revised its rating on September 20, 2021. It rated UE as “an Outperform” which previously was an “an In-line”.

Price Performance Review of UE

On Friday, Urban Edge Properties [NYSE:UE] saw its stock fall -0.50% to $19.93. Over the last five days, the stock has gained 0.66%. Urban Edge Properties shares have risen nearly 8.91% since the year began. Nevertheless, the stocks have risen 22.42% over the past one year. While a 52-week high of $21.28 was reached on 07/31/24, a 52-week low of $14.36 was recorded on 04/16/24. SMA at 50 days reached $18.95, while 200 days put it at $17.61.

Levels Of Support And Resistance For UE Stock

The 24-hour chart illustrates a support level at 19.75, which if violated will result in even more drops to 19.57. On the upside, there is a resistance level at 20.16. A further resistance level may holdings at 20.39. The Relative Strength Index (RSI) on the 14-day chart is 57.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.53%. Stochastics%K at 31.39% indicates the stock is a holding.

How much short interest is there in Urban Edge Properties?

A steep rise in short interest was recorded in Urban Edge Properties stocks on 2024-07-31, growing by 0.14 million shares to a total of 2.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.11 million shares. There was a rise of 6.06%, which implies that there is a positive sentiment for the stock.

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