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UDR stock rated an Outperform by Exane BNP Paribas

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UDR Inc’s recent filing unveils that its Officer ALCOCK HARRY G acquired Company’s shares for reported $0.22 million on Sep 04 ’24. In the deal valued at $44.88 per share,5,000 shares were bought.

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Then, TOOMEY THOMAS W sold 90,000 shares, generating $3,556,476 in total proceeds. Upon selling the shares at $39.52, the Chairman and CEO now owns 849,716 shares.

Before that, Lacy Michael D sold 4,500 shares. UDR Inc shares valued at $171,765 were divested by the SVP-Property Operations at a price of $38.17 per share. As a result of the transaction, Lacy Michael D now holds 8,566 shares, worth roughly $0.38 million.

Exane BNP Paribas initiated its UDR Inc [UDR] rating to an Outperform in a research note published on September 11, 2024; the price target was $49. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early September with a ‘”a Sell”‘ rating. BMO Capital Markets also remained covering UDR and has increased its forecast on July 15, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Scotiabank revised its rating on May 01, 2024. It rated UDR as “a Sector perform” which previously was an “a Sector outperform”.

Price Performance Review of UDR

On Monday, UDR Inc [NYSE:UDR] saw its stock fall -2.19% to $43.79. Over the last five days, the stock has lost -0.34%. UDR Inc shares have risen nearly 14.36% since the year began. Nevertheless, the stocks have risen 24.44% over the past one year. While a 52-week high of $47.55 was reached on 09/16/24, a 52-week low of $30.95 was recorded on 02/13/24. SMA at 50 days reached $44.36, while 200 days put it at $39.83.

Levels Of Support And Resistance For UDR Stock

The 24-hour chart illustrates a support level at 43.51, which if violated will result in even more drops to 43.23. On the upside, there is a resistance level at 44.30. A further resistance level may holdings at 44.81. The Relative Strength Index (RSI) on the 14-day chart is 43.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.96%. Stochastics %K at 46.02% indicates the stock is a holding.

How much short interest is there in UDR Inc?

A steep rise in short interest was recorded in UDR Inc stocks on 2024-09-30, growing by 0.28 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.24 million shares. There was a rise of 5.15%, which implies that there is a positive sentiment for the stock.

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