Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Upstart Holdings Inc shares valued at $51,630 were sold by Datta Sanjay on Sep 16 ’24. At $34.42 per share, Datta Sanjay sold 1,500 shares. The insider’s holdings dropped to 343,093 shares worth approximately $13.72 million following the completion of this transaction.
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Also, Datta Sanjay purchased 1,500 shares, netting a total of over 51,630 in proceeds.
Before that, Datta Sanjay had sold 1,500 shares from its account. In a trade valued at $52,275, the Chief Financial Officer traded Upstart Holdings Inc shares for $34.85 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $13.78 million.
As published in a research note from Citigroup on August 07, 2024, Upstart Holdings Inc [UPST] has been rated up from a Sell to a Neutral and the price target has been revised to $33 from $15. Analysts at Mizuho upgraded the stock from ‘”an Underperform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of June 07, 2024, BTIG Research has initiated its “Sell” rating for UPST. Earlier on June 04, 2024, Redburn Atlantic upgraded its rating. Their new recommendation was “a Neutral” for UPST stock which previously was a “a Sell”.
Analyzing UPST Stock Performance
During the last five days, there has been a surge of approximately 10.83%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -2.10%. Shares of the company reached a 52-week high of $45.71 on 08/29/24 and a 52-week low of $20.60 on 08/05/24. A 50-day SMA is recorded $33.74, while a 200-day SMA reached $29.77. Nevertheless, trading volume fell to 10.55 million shares from 14.28 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 38.42, which, if violated, would cause prices to drop to 36.83. In the upper region, resistance lies at 41.54. The next price resistance is at 43.07. RSI (Relative Strength Index) is 58.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 33.28%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
