UBS Group AG’s recent filing unveils that its 10% Owner UBS Group AG acquired Company’s shares for reported $2052.0 on Aug 27 ’24. In the deal valued at $0.55 per share,3,715 shares were bought. As a result of this transaction, UBS Group AG now holds 146,012 shares worth roughly $4.79 million.
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Then, UBS Group AG bought 105 shares, generating $476 in total proceeds. Upon buying the shares at $4.53, the 10% Owner now owns 25,379 shares.
Before that, UBS Group AG bought 3 shares. UBS Group AG shares valued at $13 were divested by the 10% Owner at a price of $4.40 per share. As a result of the transaction, UBS Group AG now holds 26,133 shares, worth roughly $0.86 million.
A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Neutral”. Exane BNP Paribas also remained covering UBS and has decreased its forecast on April 22, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Morgan Stanley revised its rating on March 08, 2024. It rated UBS as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of UBS
On Tuesday, UBS Group AG [NYSE:UBS] saw its stock jump 1.33% to $32.82. Over the last five days, the stock has gained 0.98%. UBS Group AG shares have risen nearly 7.62% since the year began. Nevertheless, the stocks have risen 42.35% over the past one year. While a 52-week high of $32.88 was reached on 10/29/24, a 52-week low of $22.93 was recorded on 05/01/24. SMA at 50 days reached $30.87, while 200 days put it at $30.00.
Levels Of Support And Resistance For UBS Stock
The 24-hour chart illustrates a support level at 32.65, which if violated will result in even more drops to 32.47. On the upside, there is a resistance level at 32.94. A further resistance level may holdings at 33.07. The Relative Strength Index (RSI) on the 14-day chart is 63.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.19%. Stochastics %K at 74.12% indicates the stock is a holding.
How much short interest is there in UBS Group AG?
A steep rise in short interest was recorded in UBS Group AG stocks on 2024-10-15, dropping by -2.87 million shares to a total of 9.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 12.38 million shares. There was a decline of -30.22%, which implies that there is a negative sentiment for the stock.
