Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UDR Inc shares valued at $3,556,476 were sold by TOOMEY THOMAS W on Jun 07 ’24. At $39.52 per share, TOOMEY THOMAS W sold 90,000 shares. The insider’s holdings dropped to 849,716 shares worth approximately $37.74 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, Lacy Michael D sold 4,500 shares, netting a total of over 171,765 in proceeds. Following the sale of shares at $38.17 each, the insider now holds 8,566 shares.
Before that, TOOMEY THOMAS W had sold 45,000 shares from its account. In a trade valued at $1,705,500, the Chairman and CEO traded UDR Inc shares for $37.90 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $41.74 million.
As published in their initiating research note from Goldman on September 04, 2024, UDR Inc [UDR] has been a Sell and the price target has been revised to $42. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of May 01, 2024, Scotiabank has decreased its “Sector outperform” rating to a “Sector perform” for UDR. Earlier on April 25, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for UDR stock which previously was a “a Neutral”.
Analyzing UDR Stock Performance
During the last five days, there has been a surge of approximately 0.52%. Over the course of the year, UDR Inc shares have jumped approximately 16.01%. Shares of the company reached a 52-week high of $45.10 on 09/04/24 and a 52-week low of $34.19 on 02/13/24. A 50-day SMA is recorded $41.73, while a 200-day SMA reached $38.34. Nevertheless, trading volume fell to 2.0 million shares from 2.06 million shares the previous day.
Support And Resistance Levels for UDR Inc (UDR)
According to the 24-hour chart, there is a support level at 44.05, which, if violated, would cause prices to drop to 43.67. In the upper region, resistance lies at 44.89. The next price resistance is at 45.35. RSI (Relative Strength Index) is 69.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 17.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
