Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Universal Technical Institute Inc shares valued at $1,192,373 were sold by Grant Jerome Alan on Aug 23 ’24. At $17.53 per share, Grant Jerome Alan sold 68,000 shares. The insider’s holdings dropped to 136,443 shares worth approximately $2.6 million following the completion of this transaction.
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Also, Grant Jerome Alan purchased 68,000 shares, netting a total of over 1,196,120 in proceeds.
Before that, Sanchez Loretta Lydia had sold 6,288 shares from its account. In a trade valued at $95,703, the Director traded Universal Technical Institute Inc shares for $15.22 each. Upon closing the transaction, the insider’s holdings decreased to 6,288 shares, worth approximately $0.26 million.
As published in their initiating research note from Truist on July 25, 2024, Universal Technical Institute Inc [UTI] has been a Buy and the price target has been revised to $22. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of June 23, 2023, Argus has decreased its “Buy” rating to a “Hold” for UTI. Earlier on July 12, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for UTI stock.
Analyzing UTI Stock Performance
During the last five days, there has been a surge of approximately 10.77%. Over the course of the year, Universal Technical Institute Inc shares have jumped approximately 52.00%. Shares of the company reached a 52-week high of $19.79 on 07/29/24 and a 52-week low of $12.14 on 01/09/24. A 50-day SMA is recorded $16.41, while a 200-day SMA reached $15.84. Nevertheless, trading volume fell to 0.86 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Universal Technical Institute Inc (UTI)
According to the 24-hour chart, there is a support level at 18.60, which, if violated, would cause prices to drop to 18.16. In the upper region, resistance lies at 19.37. The next price resistance is at 19.70. RSI (Relative Strength Index) is 75.63 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.85, which suggests the price will decrease in the coming days. Percent R is at 6.59%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
