Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UBS Group AG shares valued at $2,052 were purchased by UBS Group AG on Aug 27 ’24. At $0.55 per share, UBS Group AG acquired 3,715 shares. The insider’s holdings grew to 146,012 shares worth approximately $4.63 million following the completion of this transaction.
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Also, UBS Group AG purchased 105 shares, netting a total of over 476 in proceeds. Following the buying of shares at $4.53 each, the insider now holds 25,379 shares.
Before that, UBS Group AG had added 3 shares to its account. In a trade valued at $13, the 10% Owner bought UBS Group AG shares for $4.40 each. Upon closing the transaction, the insider’s holdings increased to 3 shares, worth approximately $0.83 million.
Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late April. As of April 22, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for UBS. Earlier on March 08, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for UBS stock which previously was a “an Equal-weight”.
Analyzing UBS Stock Performance
During the last five days, there has been a drop of approximately -4.23%. Over the course of the year, UBS Group AG shares have jumped approximately 3.88%. Shares of the company reached a 52-week high of $33.34 on 11/07/24 and a 52-week low of $26.00 on 05/01/24. A 50-day SMA is recorded $31.18, while a 200-day SMA reached $30.14. Nevertheless, trading volume fell to 1.24 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for UBS Group AG (UBS)
According to the 24-hour chart, there is a support level at 31.59, which, if violated, would cause prices to drop to 31.49. In the upper region, resistance lies at 31.84. The next price resistance is at 32.00. RSI (Relative Strength Index) is 48.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 59.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
