Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upstart Holdings Inc shares valued at $77,550 were sold by Datta Sanjay on Oct 28 ’24. At $51.70 per share, Datta Sanjay sold 1,500 shares. The insider’s holdings dropped to 334,093 shares worth approximately $16.26 million following the completion of this transaction.
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Also, Datta Sanjay purchased 1,500 shares, netting a total of over 77,550 in proceeds.
Before that, Datta Sanjay had sold 1,500 shares from its account. In a trade valued at $80,715, the Chief Financial Officer traded Upstart Holdings Inc shares for $53.81 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $16.34 million.
As published in a research note from Wedbush on October 14, 2024, Upstart Holdings Inc [UPST] has been rated up from an Underperform to a Neutral and the price target has been revised to $45 from $10. Analysts at Citigroup upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 31, 2024, Mizuho has increased its “an Underperform” rating to a “an Outperform” for UPST. Earlier on June 07, 2024, BTIG Research initiated its rating. Their recommendation was “a Sell” for UPST stock.
Analyzing UPST Stock Performance
During the last five days, there has been a drop of approximately -4.72%. Over the course of the year, Upstart Holdings Inc shares have jumped approximately 19.14%. Shares of the company reached a 52-week high of $57.40 on 10/15/24 and a 52-week low of $20.60 on 08/05/24. A 50-day SMA is recorded $42.93, while a 200-day SMA reached $30.89. Nevertheless, trading volume fell to 3.45 million shares from 4.68 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 47.87, which, if violated, would cause prices to drop to 47.05. In the upper region, resistance lies at 50.28. The next price resistance is at 51.87. RSI (Relative Strength Index) is 53.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.69, which suggests the price will decrease in the coming days. Percent R is at 93.56%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
