Universal Insurance Holdings Inc’s recently made public that its Executive Chairman DOWNES SEAN P unloaded Company’s shares for reported $0.43 million on Aug 29 ’24. In the deal valued at $21.25 per share,20,000 shares were sold. As a result of this transaction, DOWNES SEAN P now holds 1,102,262 shares worth roughly $23.36 million.
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Then, Springer Jon sold 26,822 shares, generating $560,143 in total proceeds. Upon selling the shares at $20.88, the Director now owns 408,228 shares.
Before that, DOWNES SEAN P bought 20,000 shares. Universal Insurance Holdings Inc shares valued at $420,000 were divested by the Officer at a price of $21.00 per share.
Piper Sandler upgraded its Universal Insurance Holdings Inc [UVE] rating to an Overweight from a a Neutral in a research note published on February 27, 2023; the price target was increased to $19 from $11. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Keefe Bruyette also remained covering UVE and has decreased its forecast on November 04, 2019 with a “an Underperform” recommendation from previously “Mkt perform” rating. Keefe Bruyette revised its rating on July 27, 2018. It rated UVE as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of UVE
On Tuesday, Universal Insurance Holdings Inc [NYSE:UVE] saw its stock fall -0.98% to $21.19. Over the last five days, the stock has gained 0.05%. Universal Insurance Holdings Inc shares have risen nearly 32.60% since the year began. Nevertheless, the stocks have risen 72.24% over the past one year. While a 52-week high of $22.38 was reached on 04/26/24, a 52-week low of $12.08 was recorded on 02/08/24. SMA at 50 days reached $19.73, while 200 days put it at $18.69.
Levels Of Support And Resistance For UVE Stock
The 24-hour chart illustrates a support level at 21.02, which if violated will result in even more drops to 20.85. On the upside, there is a resistance level at 21.53. A further resistance level may holdings at 21.87. The Relative Strength Index (RSI) on the 14-day chart is 59.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.78%. Stochastics %K at 57.28% indicates the stock is a holding.
How much short interest is there in Universal Insurance Holdings Inc?
A steep rise in short interest was recorded in Universal Insurance Holdings Inc stocks on 2024-08-15, growing by 0.26 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.7 million shares. There was a rise of 27.43%, which implies that there is a positive sentiment for the stock.
