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.
Barclays upgraded its UWM Holdings Corporation [UWMC] rating to an Equal weight from a an Underweight in a research note published on October 08, 2024; the price target was increased to $8 from $6. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early April from “an Underperform” to “a Mkt perform”. Deutsche Bank began covering UWMC with “Hold” recommendation on January 10, 2024. Keefe Bruyette revised its rating on January 10, 2024. It rated UWMC as “an Underperform” which previously was an “a Mkt perform”.
Price Performance Review of UWMC
On Friday, UWM Holdings Corporation [NYSE:UWMC] saw its stock jump 1.65% to $7.38. Over the last five days, the stock has lost -2.38%. UWM Holdings Corporation shares have risen nearly 3.22% since the year began. Nevertheless, the stocks have risen 42.75% over the past one year. While a 52-week high of $9.74 was reached on 08/23/24, a 52-week low of $4.77 was recorded on 02/28/24. SMA at 50 days reached $8.65, 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 7.24, which if violated will result in even more drops to 7.09. On the upside, there is a resistance level at 7.45. A further resistance level may holdings at 7.52. The Relative Strength Index (RSI) on the 14-day chart is 28.46, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.28%. Stochastics %K at 9.82% 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 2024-09-30, growing by 1.79 million shares to a total of 14.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.01 million shares. There was a rise of 12.12%, which implies that there is a positive sentiment for the stock.
