Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Therapeutics Corp shares valued at $2,855,916 were sold by EDGEMOND JAMES on Oct 21 ’24. At $366.99 per share, EDGEMOND JAMES sold 7,782 shares. The insider’s holdings dropped to 6,426 shares worth approximately $2.27 million following the completion of this transaction.
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Also, JAMES EDGEMOND purchased 7,782 shares, netting a total of over 2,855,916 in proceeds.
Before that, EDGEMOND JAMES had sold 7,792 shares from its account. In a trade valued at $2,773,017, the CFO AND TREASURER traded United Therapeutics Corp shares for $355.88 each. Upon closing the transaction, the insider’s holdings decreased to 7,792 shares, worth approximately $2.07 million.
As published in a research note from Morgan Stanley on July 11, 2024, United Therapeutics Corp [UTHR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $321 from $310. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 05, 2024, Leerink Partners has initiated its “an Outperform” rating for UTHR. Earlier on December 08, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for UTHR stock.
Analyzing UTHR Stock Performance
During the last five days, there has been a drop of approximately -4.70%. Over the course of the year, United Therapeutics Corp shares have jumped approximately 60.34%. Shares of the company reached a 52-week high of $377.03 on 10/17/24 and a 52-week low of $208.62 on 02/08/24. A 50-day SMA is recorded $352.11, while a 200-day SMA reached $285.12. Nevertheless, trading volume fell to 0.64 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for United Therapeutics Corp (UTHR)
According to the 24-hour chart, there is a support level at 339.65, which, if violated, would cause prices to drop to 326.71. In the upper region, resistance lies at 367.89. The next price resistance is at 383.19. RSI (Relative Strength Index) is 45.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.61, which suggests the price will increase in the coming days. Percent R is at 69.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
