Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. United Therapeutics Corp shares valued at $2,821,050 were sold by EDGEMOND JAMES on Sep 03 ’24. At $362.37 per share, EDGEMOND JAMES sold 7,785 shares. The insider’s holdings dropped to 2,615 shares worth approximately $0.92 million following the completion of this transaction.
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Also, CHRISTOPHER PATUSKY purchased 4,300 shares, netting a total of over 1,519,434 in proceeds.
Before that, CHRISTOPHER PATUSKY had added 700 shares to its account. In a trade valued at $252,214, the Director bought United Therapeutics Corp shares for $360.31 each.
As published in a research note from Morgan Stanley on July 11, 2024, United Therapeutics Corp [UTHR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $321 from $310. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 05, 2024, Leerink Partners has initiated its “an Outperform” rating for UTHR. Earlier on December 08, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for UTHR stock.
Analyzing UTHR Stock Performance
During the last five days, there has been a surge of approximately 1.19%. Over the course of the year, United Therapeutics Corp shares have jumped approximately 60.70%. Shares of the company reached a 52-week high of $366.08 on 09/03/24 and a 52-week low of $208.62 on 02/08/24. A 50-day SMA is recorded $331.90, while a 200-day SMA reached $263.94. Nevertheless, trading volume fell to 0.39 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for United Therapeutics Corp (UTHR)
According to the 24-hour chart, there is a support level at 350.31, which, if violated, would cause prices to drop to 347.25. In the upper region, resistance lies at 355.69. The next price resistance is at 358.01. RSI (Relative Strength Index) is 59.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.49, which suggests the price will increase in the coming days. Percent R is at 25.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
