Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BankUnited Inc shares valued at $303,314 were sold by Rubenstein William S. on Jul 31 ’24. At $38.57 per share, Rubenstein William S. sold 7,864 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Rubenstein William S. purchased 7,864 shares, netting a total of over 303,283 in proceeds.
Before that, Richards Jay D. had sold 10,143 shares from its account. In a trade valued at $371,293, the Officer of Subsidiary traded BankUnited Inc shares for $36.61 each. Upon closing the transaction, the insider’s holdings decreased to 10,143 shares, worth approximately $1.33 million.
As published in a research note from Hovde Group on July 19, 2024, BankUnited Inc [BKU] has been retained to an Outperform and the price target has been revised to $41. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of January 08, 2024, UBS has decreased its “Neutral” rating to a “Sell” for BKU. Earlier on December 01, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for BKU stock.
Analyzing BKU Stock Performance
During the last five days, there has been a surge of approximately 2.55%. Over the course of the year, BankUnited Inc shares have jumped approximately 10.30%. Shares of the company reached a 52-week high of $39.51 on 07/31/24 and a 52-week low of $24.34 on 04/16/24. A 50-day SMA is recorded $36.13, while a 200-day SMA reached $30.72. Nevertheless, trading volume fell to 0.77 million shares from 0.84 million shares the previous day.
Support And Resistance Levels for BankUnited Inc (BKU)
According to the 24-hour chart, there is a support level at 35.19, which, if violated, would cause prices to drop to 34.60. In the upper region, resistance lies at 36.11. The next price resistance is at 36.44. RSI (Relative Strength Index) is 49.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 46.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
