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An Analysis of BankUnited Inc (BKU)’s Potential Price Growth

BankUnited Inc’s recently made public that its Officer Thomas Cornish acquired Company’s shares for reported $0.42 million on Nov 08 ’24. In the deal valued at $39.07 per share,10,778 shares were bought.

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Then, Rubenstein William S. sold 7,864 shares, generating $303,314 in total proceeds. Upon selling the shares at $38.57, the Director now owns 0 shares.

Before that, Rubenstein William S. bought 7,864 shares. BankUnited Inc shares valued at $303,283 were divested by the Officer at a price of $38.57 per share.

Hovde Group reiterated its BankUnited Inc [BKU] rating to an Outperform in a research note published on July 19, 2024; the price target was $41. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. UBS also remained covering BKU and has decreased its forecast on January 08, 2024 with a “Sell” recommendation from previously “Neutral” rating. Citigroup started covering the stock on December 01, 2023. It rated BKU as “a Neutral”.

Price Performance Review of BKU

On Monday, BankUnited Inc [NYSE:BKU] saw its stock jump 4.08% to $40.56. Over the last five days, the stock has gained 17.02%. BankUnited Inc shares have risen nearly 25.07% since the year began. Nevertheless, the stocks have risen 78.60% over the past one year. While a 52-week high of $40.44 was reached on 11/11/24, a 52-week low of $22.16 was recorded on 04/16/24. SMA at 50 days reached $36.23, while 200 days put it at $31.36.

Levels Of Support And Resistance For BKU Stock

The 24-hour chart illustrates a support level at 39.73, which if violated will result in even more drops to 38.91. On the upside, there is a resistance level at 41.35. A further resistance level may holdings at 42.15. The Relative Strength Index (RSI) on the 14-day chart is 65.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.67%. Stochastics %K at 79.73% indicates the stock is a holding.

How much short interest is there in BankUnited Inc?

A steep rise in short interest was recorded in BankUnited Inc stocks on 2024-10-15, dropping by -0.28 million shares to a total of 2.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.91 million shares. There was a decline of -10.48%, which implies that there is a negative sentiment for the stock.

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