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. Unity Software Inc shares valued at $16,464 were sold by Lee Michelle K. on Sep 18 ’24. At $20.58 per share, Lee Michelle K. sold 800 shares. The insider’s holdings dropped to 7,215 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Lee Michelle K. purchased 800 shares, netting a total of over 16,464 in proceeds.
Before that, Helgason David had sold 250,000 shares from its account. In a trade valued at $5,147,225, the Director traded Unity Software Inc shares for $20.59 each. Upon closing the transaction, the insider’s holdings decreased to 250,000 shares, worth approximately $178.72 million.
As published in a research note from Stifel on September 13, 2024, Unity Software Inc [U] has been retained to a Buy and the price target has been revised to $25. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early September. As of February 27, 2024, Piper Sandler has increased its “an Underweight” rating to a “Neutral” for U. Earlier on February 12, 2024, Macquarie downgraded its rating. Their new recommendation was “an Underperform” for U stock which previously was a “a Neutral”.
Analyzing U Stock Performance
During the last five days, there has been a surge of approximately 3.32%. Over the course of the year, Unity Software Inc shares have dropped approximately -46.71%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $13.90 on 08/07/24. A 50-day SMA is recorded $18.86, while a 200-day SMA reached $23.13. Nevertheless, trading volume fell to 6.8 million shares from 10.77 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 21.44, which, if violated, would cause prices to drop to 21.08. In the upper region, resistance lies at 22.32. The next price resistance is at 22.84. RSI (Relative Strength Index) is 58.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 47.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
