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Investing in United Parcel Service, Inc. (UPS) Is Getting More Attractive

United Parcel Service, Inc.’s filing revealed that its Director JOHNSON WILLIAM R acquired Company’s shares for reported $0.64 million on Jul 25 ’24. In the deal valued at $128.61 per share,5,000 shares were bought. As a result of this transaction, JOHNSON WILLIAM R now holds 5,160 shares worth roughly $0.69 million.

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Then, Boratto Eva C bought 1,400 shares, generating $199,220 in total proceeds. Upon buying the shares at $142.30, the Director now owns 1,400 shares.

A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. HSBC Securities also remained covering UPS and has increased its forecast on April 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Redburn Atlantic revised its rating on April 03, 2024. It rated UPS as “a Buy” which previously was an “a Neutral”.

Price Performance Review of UPS

On Tuesday, United Parcel Service, Inc. [NYSE:UPS] saw its stock fall -2.25% to $133.27. Over the last five days, the stock has gained 2.90%. United Parcel Service, Inc. shares have fallen nearly -15.24% since the year began. Nevertheless, the stocks have fallen -14.50% over the past one year. While a 52-week high of $163.82 was reached on 01/10/24, a 52-week low of $123.12 was recorded on 08/08/24. SMA at 50 days reached $128.66, while 200 days put it at $142.89.

Levels Of Support And Resistance For UPS Stock

The 24-hour chart illustrates a support level at 131.37, which if violated will result in even more drops to 129.47. On the upside, there is a resistance level at 135.81. A further resistance level may holdings at 138.36. The Relative Strength Index (RSI) on the 14-day chart is 57.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.46%. Stochastics %K at 82.94% indicates the stock is a selling.

How much short interest is there in United Parcel Service, Inc.?

A steep rise in short interest was recorded in United Parcel Service, Inc. stocks on 2024-09-13, dropping by -1.66 million shares to a total of 12.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 14.53 million shares. There was a decline of -12.89%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 28, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $140.

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