Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $61,935 were sold by Datta Sanjay on Oct 07 ’24. At $41.29 per share, Datta Sanjay sold 1,500 shares. The insider’s holdings dropped to 338,593 shares worth approximately $14.62 million following the completion of this transaction.
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Also, Gu Paul sold 8,800 shares, netting a total of over 352,906 in proceeds. Following the sale of shares at $40.10 each, the insider now holds 878,565 shares.
Before that, Darling Scott had sold 1,300 shares from its account. In a trade valued at $52,012, the Chief Legal Officer traded Upstart Holdings Inc shares for $40.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,300 shares, worth approximately $6.95 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 surge of approximately 10.89%. Over the course of the year, Upstart Holdings Inc shares have jumped approximately 5.68%. 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 $37.52, while a 200-day SMA reached $29.78. Nevertheless, trading volume fell to 5.35 million shares from 5.15 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 41.76, which, if violated, would cause prices to drop to 40.33. In the upper region, resistance lies at 44.56. The next price resistance is at 45.93. RSI (Relative Strength Index) is 62.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.71, which suggests the price will increase in the coming days. Percent R is at 15.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
