The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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.
Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of May 07, 2024, William Blair has initiated its “an Outperform” rating for ULS. Earlier on May 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for ULS stock.
Analyzing ULS Stock Performance
During the last five days, there has been a surge of approximately 3.98%. Over the course of the year, UL Solutions Inc shares have jumped approximately 46.51%. Nevertheless, trading volume fell to 0.89 million shares from 0.59 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 50.57, which, if violated, would cause prices to drop to 49.94. In the upper region, resistance lies at 51.68. The next price resistance is at 52.16. RSI (Relative Strength Index) is 59.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 10.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
