Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $245,951 were sold by Darling Scott on Oct 01 ’24. At $39.67 per share, Darling Scott sold 6,200 shares. The insider’s holdings dropped to 161,043 shares worth approximately $6.27 million following the completion of this transaction.
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Also, Gu Paul sold 36,200 shares, netting a total of over 1,419,673 in proceeds. Following the sale of shares at $39.22 each, the insider now holds 878,565 shares.
Before that, Mirgorodskaya Natalia had sold 959 shares from its account. In a trade valued at $38,667, the Corporate Controller traded Upstart Holdings Inc shares for $40.32 each. Upon closing the transaction, the insider’s holdings decreased to 959 shares, worth approximately $0.84 million.
As published in a research note from Citigroup on August 07, 2024, Upstart Holdings Inc [UPST] has been rated up from a Sell to a Neutral and the price target has been revised to $33 from $15. Analysts at Mizuho upgraded the stock from ‘”an Underperform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of June 07, 2024, BTIG Research has initiated its “Sell” rating for UPST. Earlier on June 04, 2024, Redburn Atlantic upgraded its rating. Their new recommendation was “a Neutral” for UPST stock which previously was a “a Sell”.
Analyzing UPST Stock Performance
During the last five days, there has been a drop of approximately -4.77%. Over the course of the year, Upstart Holdings Inc shares have dropped approximately -4.70%. Shares of the company reached a 52-week high of $45.71 on 08/29/24 and a 52-week low of $20.60 on 08/05/24. A 50-day SMA is recorded $35.93, while a 200-day SMA reached $29.86. Nevertheless, trading volume fell to 3.73 million shares from 4.64 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 37.84, which, if violated, would cause prices to drop to 36.73. In the upper region, resistance lies at 39.67. The next price resistance is at 40.39. RSI (Relative Strength Index) is 52.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.30, which suggests the price will decrease in the coming days. Percent R is at 36.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
