In a filing, BankUnited Inc revealed its Director Rubenstein William S. unloaded Company’s shares for reported $0.3 million on Jul 31 ’24. In the deal valued at $38.57 per share,7,864 shares were sold. As a result of this transaction, Rubenstein William S. now holds 0 shares worth roughly $0.0.
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Then, Rubenstein William S. bought 7,864 shares, generating $303,283 in total proceeds.
Before that, Richards Jay D. sold 10,143 shares. BankUnited Inc shares valued at $371,293 were divested by the Officer of Subsidiary at a price of $36.61 per share. As a result of the transaction, Richards Jay D. now holds 37,187 shares, worth roughly $1.31 million.
Hovde Group reiterated its BankUnited Inc [BKU] rating to an Outperform in a research note published on July 19, 2024; the price target was $41. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. UBS also remained covering BKU and has decreased its forecast on January 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. Citigroup started covering the stock on December 01, 2023. It rated BKU as “a Neutral”.
Price Performance Review of BKU
On Monday, BankUnited Inc [NYSE:BKU] saw its stock fall -5.21% to $35.13. Over the last five days, the stock has lost -4.54%. BankUnited Inc shares have risen nearly 8.33% since the year began. Nevertheless, the stocks have risen 56.41% over the past one year. While a 52-week high of $39.51 was reached on 07/31/24, a 52-week low of $21.02 was recorded on 04/16/24. SMA at 50 days reached $36.40, while 200 days put it at $30.88.
Levels Of Support And Resistance For BKU Stock
The 24-hour chart illustrates a support level at 34.42, which if violated will result in even more drops to 33.72. On the upside, there is a resistance level at 36.42. A further resistance level may holdings at 37.72. The Relative Strength Index (RSI) on the 14-day chart is 43.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.47%. Stochastics %K at 61.35% indicates the stock is a holding.
How much short interest is there in BankUnited Inc?
A steep rise in short interest was recorded in BankUnited Inc stocks on 2024-09-30, dropping by -0.43 million shares to a total of 2.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.91 million shares. There was a decline of -17.13%, which implies that there is a negative sentiment for the stock.
