UL Solutions Inc’s recently made public that its 10% Owner ULSE Inc. unloaded Company’s shares for reported $1.09 billion on Apr 16 ’24. In the deal valued at $28.00 per share,38,870,000 shares were sold. As a result of this transaction, ULSE Inc. now holds 0 shares worth roughly $0.0.
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Then, PEPPING KAREN K bought 3,571 shares, generating $99,988 in total proceeds. Upon buying the shares at $28.00, the Senior VP & CAO now owns 3,571 shares.
Before that, Shannon James M bought 7,142 shares. UL Solutions Inc shares valued at $199,976 were divested by the Director at a price of $28.00 per share. As a result of the transaction, Shannon James M now holds 7,142 shares, worth roughly $0.39 million.
Robert W. Baird downgraded its UL Solutions Inc [ULS] rating to a Neutral from a an Outperform in a research note published on July 12, 2024; the price target was increased to $46 from $41. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early May with a ‘”an Outperform”‘ rating. Wells Fargo began covering ULS with “an Overweight” recommendation on May 07, 2024. UBS started covering the stock on May 07, 2024. It rated ULS as “a Neutral”.
Price Performance Review of ULS
On Friday, UL Solutions Inc [NYSE:ULS] saw its stock fall -1.11% to $54.54. Over the last five days, the stock has lost -0.13%. UL Solutions Inc shares have risen nearly 56.10% since the year began.
Levels Of Support And Resistance For ULS Stock
The 24-hour chart illustrates a support level at 53.69, which if violated will result in even more drops to 52.83. On the upside, there is a resistance level at 55.43. A further resistance level may holdings at 56.31. The Relative Strength Index (RSI) on the 14-day chart is 70.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.43%. Stochastics %K at 76.21% indicates the stock is a holding.
How much short interest is there in UL Solutions Inc?
A steep rise in short interest was recorded in UL Solutions Inc stocks on 2024-08-15, dropping by -0.53 million shares to a total of 0.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.34 million shares. There was a decline of -66.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 07, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
