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Checking in on Upstart Holdings Inc (UPST) after recent insiders movement

Upstart Holdings Inc’s recent filing unveils that its Officer Datta Sanjay acquired Company’s shares for reported $77550.0 on Oct 28 ’24. In the deal valued at $51.70 per share,1,500 shares were bought.

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Then, Datta Sanjay sold 1,500 shares, generating $80,715 in total proceeds. Upon selling the shares at $53.81, the Chief Financial Officer now owns 335,593 shares.

Before that, Datta Sanjay bought 1,500 shares. Upstart Holdings Inc shares valued at $80,715 were divested by the Officer at a price of $53.81 per share.

Wedbush upgraded its Upstart Holdings Inc [UPST] rating to a Neutral from a an Underperform in a research note published on October 14, 2024; the price target was increased to $45 from $10. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. Mizuho also remained covering UPST and has increased its forecast on July 31, 2024 with a “an Outperform” recommendation from previously “an Underperform” rating. BTIG Research started covering the stock on June 07, 2024. It rated UPST as “a Sell”.

Price Performance Review of UPST

On Monday, Upstart Holdings Inc [NASDAQ:UPST] saw its stock jump 2.77% to $51.98. Over the last five days, the stock has lost -1.07%. Upstart Holdings Inc shares have risen nearly 27.21% since the year began. Nevertheless, the stocks have risen 124.63% over the past one year. While a 52-week high of $57.40 was reached on 10/15/24, a 52-week low of $19.84 was recorded on 08/05/24. SMA at 50 days reached $42.31, while 200 days put it at $30.61.

Levels Of Support And Resistance For UPST Stock

The 24-hour chart illustrates a support level at 50.65, which if violated will result in even more drops to 49.33. On the upside, there is a resistance level at 53.45. A further resistance level may holdings at 54.93. The Relative Strength Index (RSI) on the 14-day chart is 63.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.54%. Stochastics %K at 62.69% indicates the stock is a holding.

How much short interest is there in Upstart Holdings Inc?

A steep rise in short interest was recorded in Upstart Holdings Inc stocks on 2024-10-15, growing by 1.5 million shares to a total of 24.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 23.16 million shares. There was a rise of 6.08%, which implies that there is a positive sentiment for the stock.

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