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Urban Outfitters, Inc. (URBN) gets rating Downgrade from Telsey Advisory Group

In a filing, Urban Outfitters, Inc. revealed its Global CEO Anthropologie Group Smith Tricia D unloaded Company’s shares for reported $0.41 million on Sep 06 ’24. In the deal valued at $35.29 per share,11,730 shares were sold. As a result of this transaction, Smith Tricia D now holds 0 shares worth roughly $0.0.

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Then, Smith Tricia D bought 11,730 shares, generating $413,964 in total proceeds.

Before that, CHERKEN HARRY S JR sold 5,000 shares. Urban Outfitters, Inc. shares valued at $241,481 were divested by the Director at a price of $48.30 per share. As a result of the transaction, CHERKEN HARRY S JR now holds 565,296 shares, worth roughly $21.14 million.

Telsey Advisory Group downgraded its Urban Outfitters, Inc. [URBN] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in late May has reiterated a ‘”an Outperform”‘ rating for it. Jefferies also remained covering URBN and has decreased its forecast on April 17, 2024 with a “an Underperform” recommendation from previously “Hold” rating. Telsey Advisory Group maintained its rating on February 28, 2024. It rated URBN as “an Outperform”.

Price Performance Review of URBN

On Tuesday, Urban Outfitters, Inc. [NASDAQ:URBN] saw its stock fall -2.38% to $37.40. Over the last five days, the stock has lost -2.83%. Urban Outfitters, Inc. shares have risen nearly 4.79% since the year began. Nevertheless, the stocks have risen 14.41% over the past one year. While a 52-week high of $48.90 was reached on 07/12/24, a 52-week low of $30.67 was recorded on 09/11/24. SMA at 50 days reached $39.26, while 200 days put it at $40.66.

Levels Of Support And Resistance For URBN Stock

The 24-hour chart illustrates a support level at 36.97, which if violated will result in even more drops to 36.53. On the upside, there is a resistance level at 38.00. A further resistance level may holdings at 38.59. The Relative Strength Index (RSI) on the 14-day chart is 48.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.92%. Stochastics %K at 80.34% indicates the stock is a selling.

How much short interest is there in Urban Outfitters, Inc.?

A steep rise in short interest was recorded in Urban Outfitters, Inc. stocks on 2024-09-13, growing by 1.45 million shares to a total of 6.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.78 million shares. There was a rise of 23.24%, which implies that there is a positive sentiment for the stock.

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