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The Potential Rise in the Price of Unisys Corp. (UIS) following insiders activity

In a filing, Unisys Corp. revealed its Director Taylor Roxanne unloaded Company’s shares for reported $0.4 million on May 17 ’24. In the deal valued at $5.08 per share,78,868 shares were sold. As a result of this transaction, Taylor Roxanne now holds 8,009 shares worth roughly $44850.399999999994.

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Maxim Group downgraded its Unisys Corp. [UIS] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CJS Securities’s analysts, who decreased its forecast for the stock in early November from “a Market outperform” to “a Market perform”. Canaccord Genuity also remained covering UIS and has decreased its forecast on November 09, 2022 with a “Hold” recommendation from previously “Buy” rating. Maxim Group started covering the stock on September 15, 2021. It rated UIS as “a Buy”.

Price Performance Review of UIS

On Friday, Unisys Corp. [NYSE:UIS] saw its stock jump 6.06% to $5.60. Over the last five days, the stock has gained 8.53%. Unisys Corp. shares have fallen nearly -0.36% since the year began. Nevertheless, the stocks have risen 52.59% over the past one year. While a 52-week high of $8.12 was reached on 02/16/24, a 52-week low of $2.60 was recorded on 08/07/24. SMA at 50 days reached $4.83, while 200 days put it at $5.29.

Levels Of Support And Resistance For UIS Stock

The 24-hour chart illustrates a support level at 5.34, which if violated will result in even more drops to 5.08. On the upside, there is a resistance level at 5.74. A further resistance level may holdings at 5.88. The Relative Strength Index (RSI) on the 14-day chart is 59.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.83%. Stochastics %K at 45.37% indicates the stock is a holding.

How much short interest is there in Unisys Corp.?

A steep rise in short interest was recorded in Unisys Corp. stocks on 2024-08-30, growing by 0.16 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.27 million shares. There was a rise of 11.35%, which implies that there is a positive sentiment for the stock.

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