Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UMH Properties Inc shares valued at $977,500 were sold by LANDY SAMUEL A on Nov 13 ’24. At $19.55 per share, LANDY SAMUEL A sold 50,000 shares. The insider’s holdings dropped to 1,104,826 shares worth approximately $21.82 million following the completion of this transaction.
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Also, LANDY SAMUEL A purchased 50,000 shares, netting a total of over 977,375 in proceeds.
Before that, Conway Kiernan had added 2,700 shares to its account. In a trade valued at $52,482, the Director bought UMH Properties Inc shares for $19.44 each.
As published in their initiating research note from Alliance Global Partners on July 18, 2024, UMH Properties Inc [UMH] has been a Buy and the price target has been revised to $21. Earlier on July 12, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for UMH stock which previously was a “an Outperform”.
Analyzing UMH Stock Performance
During the last five days, there has been a surge of approximately 5.22%. Over the course of the year, UMH Properties Inc shares have jumped approximately 28.92%. Shares of the company reached a 52-week high of $20.64 on 09/16/24 and a 52-week low of $14.09 on 02/28/24. A 50-day SMA is recorded $19.24, while a 200-day SMA reached $17.02. Nevertheless, trading volume fell to 0.6 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for UMH Properties Inc (UMH)
According to the 24-hour chart, there is a support level at 19.55, which, if violated, would cause prices to drop to 19.34. In the upper region, resistance lies at 19.89. The next price resistance is at 20.02. RSI (Relative Strength Index) is 62.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.60, which suggests the price will decrease in the coming days. Percent R is at 29.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
