Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UL Solutions Inc shares valued at $147,000,000 were sold by ULSE Inc. on Sep 23 ’24. At $49.00 per share, ULSE Inc. sold 3,000,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, ULSE Inc. sold 20,000,000 shares, netting a total of over 980,000,000 in proceeds. Following the sale of shares at $49.00 each, the insider now holds 0 shares.
Before that, ULSE Inc. had sold 38,870,000 shares from its account. In a trade valued at $1,088,360,000, the 10% Owner traded UL Solutions Inc shares for $28.00 each. Upon closing the transaction, the insider’s holdings decreased to 38,870,000 shares, worth approximately $0.0.
As published in a research note from Robert W. Baird on July 12, 2024, UL Solutions Inc [ULS] has been rated down from an Outperform to a Neutral and the price target has been revised to $46 from $41. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in early May. As of May 07, 2024, Wells Fargo has initiated its “an Overweight” rating for ULS. Earlier on May 07, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for ULS stock.
Analyzing ULS Stock Performance
During the last five days, there has been a drop of approximately -0.47%. Over the course of the year, UL Solutions Inc shares have jumped approximately 40.90%. Nevertheless, trading volume fell to 1.27 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for UL Solutions Inc (ULS)
According to the 24-hour chart, there is a support level at 48.76, which, if violated, would cause prices to drop to 48.29. In the upper region, resistance lies at 49.68. The next price resistance is at 50.13. RSI (Relative Strength Index) is 46.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 52.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
