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Upbound Group Inc (UPBD) rating initates by BTIG Research

Upbound Group Inc’s recently made public that its Director BROWN JEFFREY J acquired Company’s shares for reported $31151.0 on Oct 22 ’24. In the deal valued at $29.25 per share,1,065 shares were bought. As a result of this transaction, BROWN JEFFREY J now holds 85,234 shares worth roughly $2.51 million.

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Then, Taylor Transient C sold 15,127 shares, generating $514,318 in total proceeds. Upon selling the shares at $34.00, the EVP, CHRO now owns 14,651 shares.

Before that, Blasquez Anthony J sold 2,500 shares. Upbound Group Inc shares valued at $82,932 were divested by the EVP-RAC at a price of $33.17 per share. As a result of the transaction, Blasquez Anthony J now holds 56,837 shares, worth roughly $1.67 million.

BTIG Research initiated its Upbound Group Inc [UPBD] rating to a Buy in a research note published on June 07, 2024; the price target was $45. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early March with a ‘”an Outperform”‘ rating. Stephens also remained covering UPBD and has increased its forecast on January 02, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating.

Price Performance Review of UPBD

On Friday, Upbound Group Inc [NASDAQ:UPBD] saw its stock jump 0.75% to $29.46. Over the last five days, the stock has gained 9.97%. Upbound Group Inc shares have fallen nearly -13.28% since the year began. Nevertheless, the stocks have risen 12.74% over the past one year. While a 52-week high of $38.72 was reached on 07/31/24, a 52-week low of $25.17 was recorded on 10/29/24. SMA at 50 days reached $30.25, while 200 days put it at $32.02.

Levels Of Support And Resistance For UPBD Stock

The 24-hour chart illustrates a support level at 29.11, which if violated will result in even more drops to 28.76. On the upside, there is a resistance level at 29.94. A further resistance level may holdings at 30.42. The Relative Strength Index (RSI) on the 14-day chart is 52.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.02%. Stochastics %K at 49.49% indicates the stock is a holding.

How much short interest is there in Upbound Group Inc?

A steep rise in short interest was recorded in Upbound Group Inc stocks on 2024-10-15, growing by 75162.0 shares to a total of 2.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.29 million shares. There was a rise of 3.18%, which implies that there is a positive sentiment for the stock.

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