The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Uniti Group Inc shares valued at $113,050 were sold by Mudry Ronald J. on Aug 06 ’24. At $3.94 per share, Mudry Ronald J. sold 28,693 shares. The insider’s holdings dropped to 513,761 shares worth approximately $2.87 million following the completion of this transaction.
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Also, THE MUDRY FAM RLT purchased 28,693 shares, netting a total of over 113,071 in proceeds.
As published in a research note from Raymond James on May 06, 2024, Uniti Group Inc [UNIT] has been rated down from a Strong buy to an Outperform and the price target has been revised to $6 from $8. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early November. As of November 16, 2020, Citigroup has increased its “Sell” rating to a “Neutral” for UNIT. Earlier on August 12, 2020, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for UNIT stock which previously was a “an Underweight”.
Analyzing UNIT Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Uniti Group Inc shares have dropped approximately -3.29%. Shares of the company reached a 52-week high of $6.71 on 03/08/24 and a 52-week low of $2.57 on 06/18/24. A 50-day SMA is recorded $5.25, while a 200-day SMA reached $4.75. Nevertheless, trading volume fell to 4.01 million shares from 1.95 million shares the previous day.
Support And Resistance Levels for Uniti Group Inc (UNIT)
According to the 24-hour chart, there is a support level at 5.54, which, if violated, would cause prices to drop to 5.48. In the upper region, resistance lies at 5.70. The next price resistance is at 5.80. RSI (Relative Strength Index) is 55.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 44.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
