UWM Holdings Corporation’s filing revealed that its President and CEO Mat Ishbia unloaded Company’s shares for reported $10.14 million on Sep 16 ’24. In the deal valued at $8.45 per share,1,200,000 shares were sold. As a result of this transaction, Mat Ishbia now holds 0 shares worth roughly $0.0.
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Then, Mat Ishbia sold 10,842,012 shares, generating $91,615,001 in total proceeds. Upon selling the shares at $8.45, the President and CEO now owns 0 shares.
Before that, Mat Ishbia sold 5,000,000 shares. UWM Holdings Corporation shares valued at $45,550,000 were divested by the President and CEO at a price of $9.11 per share. As a result of the transaction, Mat Ishbia now holds 0 shares, worth roughly $0.0.
Keefe Bruyette upgraded its UWM Holdings Corporation [UWMC] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in early January with a ‘”a Hold”‘ rating. Keefe Bruyette also remained covering UWMC and has decreased its forecast on January 10, 2024 with a “an Underperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of UWMC
On Friday, UWM Holdings Corporation [NYSE:UWMC] saw its stock fall -3.82% to $7.56. Over the last five days, the stock has lost -9.89%. UWM Holdings Corporation shares have risen nearly 5.73% since the year began. Nevertheless, the stocks have risen 61.88% over the past one year. While a 52-week high of $9.74 was reached on 08/23/24, a 52-week low of $4.49 was recorded on 02/28/24. SMA at 50 days reached $8.75, while 200 days put it at $7.37.
Levels Of Support And Resistance For UWMC Stock
The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.21. On the upside, there is a resistance level at 7.81. A further resistance level may holdings at 8.06. The Relative Strength Index (RSI) on the 14-day chart is 27.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.15%. Stochastics %K at 4.97% indicates the stock is a buying.
How much short interest is there in UWM Holdings Corporation?
A steep rise in short interest was recorded in UWM Holdings Corporation stocks on 2024-09-13, dropping by -1.26 million shares to a total of 12.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.81 million shares. There was a decline of -10.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $4 price target.
