Unity Software Inc’s recently made public that its Director Lee Michelle K. unloaded Company’s shares for reported $16464.0 on Sep 18 ’24. In the deal valued at $20.58 per share,800 shares were sold. As a result of this transaction, Lee Michelle K. now holds 7,215 shares worth roughly $0.14 million.
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Then, Lee Michelle K. bought 800 shares, generating $16,464 in total proceeds.
Before that, Helgason David sold 250,000 shares. Unity Software Inc shares valued at $5,147,225 were divested by the Director at a price of $20.59 per share. As a result of the transaction, Helgason David now holds 8,201,851 shares, worth roughly $161.74 million.
Stifel reiterated its Unity Software Inc [U] rating to a Buy in a research note published on September 13, 2024; the price target was $25. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early September from “an Equal-weight” to “an Overweight”. Piper Sandler also remained covering U and has increased its forecast on February 27, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Macquarie revised its rating on February 12, 2024. It rated U as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of U
On Friday, Unity Software Inc [NYSE:U] saw its stock fall -3.38% to $19.72. Over the last five days, the stock has lost -10.81%. Unity Software Inc shares have fallen nearly -51.77% since the year began. Nevertheless, the stocks have fallen -23.24% over the past one year. While a 52-week high of $43.54 was reached on 01/02/24, a 52-week low of $13.90 was recorded on 08/07/24. SMA at 50 days reached $19.64, while 200 days put it at $22.56.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 19.27, which if violated will result in even more drops to 18.82. On the upside, there is a resistance level at 20.35. A further resistance level may holdings at 20.99. The Relative Strength Index (RSI) on the 14-day chart is 42.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.19%. Stochastics %K at 7.28% indicates the stock is a buying.
How much short interest is there in Unity Software Inc?
A steep rise in short interest was recorded in Unity Software Inc stocks on 2024-10-15, dropping by -3.2 million shares to a total of 25.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 28.86 million shares. There was a decline of -12.49%, which implies that there is a negative sentiment for the stock.
