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UL Solutions Inc [ULS] ULSE Inc. sells 20,000,000 Shares for $980.0 million

UL Solutions Inc’s recently made public that its 10% Owner ULSE Inc. unloaded Company’s shares for reported $980.0 million on Sep 09 ’24. In the deal valued at $49.00 per share,20,000,000 shares were sold. As a result of this transaction, ULSE Inc. now holds 0 shares worth roughly $0.0.

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Then, ULSE Inc. sold 38,870,000 shares, generating $1,088,360,000 in total proceeds. Upon selling the shares at $28.00, the 10% Owner now owns 0 shares.

Before that, PEPPING KAREN K bought 3,571 shares. UL Solutions Inc shares valued at $99,988 were divested by the Senior VP & CAO at a price of $28.00 per share. As a result of the transaction, PEPPING KAREN K now holds 3,571 shares, worth roughly $0.17 million.

Robert W. Baird downgraded its UL Solutions Inc [ULS] rating to a Neutral from a an Outperform in a research note published on July 12, 2024; the price target was increased to $46 from $41. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early May with a ‘”an Outperform”‘ rating. Wells Fargo began covering ULS with “an Overweight” recommendation on May 07, 2024. UBS started covering the stock on May 07, 2024. It rated ULS as “a Neutral”.

Price Performance Review of ULS

On Friday, UL Solutions Inc [NYSE:ULS] saw its stock fall -2.59% to $48.50. Over the last five days, the stock has lost -0.70%. UL Solutions Inc shares have risen nearly 38.81% since the year began.

Levels Of Support And Resistance For ULS Stock

The 24-hour chart illustrates a support level at 47.76, which if violated will result in even more drops to 47.02. On the upside, there is a resistance level at 49.59. A further resistance level may holdings at 50.69. The Relative Strength Index (RSI) on the 14-day chart is 41.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.28%. Stochastics %K at 27.78% indicates the stock is a holding.

How much short interest is there in UL Solutions Inc?

A steep rise in short interest was recorded in UL Solutions Inc stocks on 2024-08-30, growing by 0.43 million shares to a total of 1.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.96 million shares. There was a rise of 30.84%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 07, 2024 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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