In a filing, Universal Display Corp. revealed its Director ELIAS RICHARD C unloaded Company’s shares for reported $0.98 million on Aug 29 ’24. In the deal valued at $192.60 per share,5,064 shares were sold. As a result of this transaction, ELIAS RICHARD C now holds 4,439 shares worth roughly $0.9 million.
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Then, LACERTE LAWRENCE bought 1,000 shares, generating $187,990 in total proceeds. Upon buying the shares at $187.99, the Director now owns 121,316 shares.
Before that, ELIAS RICHARD C bought 5,064 shares. Universal Display Corp. shares valued at $975,312 were divested by the Director at a price of $192.60 per share.
TD Cowen reiterated its Universal Display Corp. [OLED] rating to a Buy in a research note published on August 02, 2024; the price target was $250. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering OLED and reiterated its “an Outperform” recommendation on February 23, 2024. Citigroup revised its rating on January 19, 2024. It rated OLED as “a Neutral” which previously was an “a Buy”.
Price Performance Review of OLED
On Tuesday, Universal Display Corp. [NASDAQ:OLED] saw its stock fall -2.10% to $201.84. Over the last five days, the stock has lost -3.87%. Universal Display Corp. shares have risen nearly 5.53% since the year began. Nevertheless, the stocks have risen 25.83% over the past one year. While a 52-week high of $237.00 was reached on 07/16/24, a 52-week low of $133.67 was recorded on 04/19/24. SMA at 50 days reached $195.85, while 200 days put it at $185.64.
Levels Of Support And Resistance For OLED Stock
The 24-hour chart illustrates a support level at 199.38, which if violated will result in even more drops to 196.91. On the upside, there is a resistance level at 205.48. A further resistance level may holdings at 209.11. The Relative Strength Index (RSI) on the 14-day chart is 46.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.44%. Stochastics %K at 28.44% indicates the stock is a holding.
How much short interest is there in Universal Display Corp.?
A steep rise in short interest was recorded in Universal Display Corp. stocks on 2024-09-30, growing by 0.67 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.09 million shares. There was a rise of 37.93%, which implies that there is a positive sentiment for the stock.
