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UPBD (Upbound Group Inc) may reap gains as insiders became active recently

Upbound Group Inc’s recently made public that its EVP, CHRO Taylor Transient C unloaded Company’s shares for reported $0.51 million on Aug 26 ’24. In the deal valued at $34.00 per share,15,127 shares were sold. As a result of this transaction, Taylor Transient C now holds 14,651 shares worth roughly $0.48 million.

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Then, Blasquez Anthony J sold 2,500 shares, generating $82,932 in total proceeds. Upon selling the shares at $33.17, the EVP-RAC now owns 56,837 shares.

Before that, Anthony J Blasquez bought 2,500 shares. Upbound Group Inc shares valued at $83,000 were divested by the Officer at a price of $33.20 per share.

BTIG Research initiated its Upbound Group Inc [UPBD] rating to a Buy in a research note published on June 07, 2024; the price target was $45. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early March with a ‘”an Outperform”‘ rating. Stephens also remained covering UPBD and has increased its forecast on January 02, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating.

Price Performance Review of UPBD

On Friday, Upbound Group Inc [NASDAQ:UPBD] saw its stock jump 2.40% to $32.43. Over the last five days, the stock has gained 6.92%. Upbound Group Inc shares have fallen nearly -4.53% since the year began. Nevertheless, the stocks have risen 10.19% over the past one year. While a 52-week high of $38.72 was reached on 07/31/24, a 52-week low of $25.00 was recorded on 05/02/24. SMA at 50 days reached $32.45, while 200 days put it at $32.56.

Levels Of Support And Resistance For UPBD Stock

The 24-hour chart illustrates a support level at 32.01, which if violated will result in even more drops to 31.60. On the upside, there is a resistance level at 32.69. A further resistance level may holdings at 32.96. The Relative Strength Index (RSI) on the 14-day chart is 57.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.55%. Stochastics %K at 84.05% indicates the stock is a selling.

How much short interest is there in Upbound Group Inc?

A steep rise in short interest was recorded in Upbound Group Inc stocks on 2024-09-13, dropping by -0.44 million shares to a total of 2.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.73 million shares. There was a decline of -19.25%, which implies that there is a negative sentiment for the stock.

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