UL Solutions Inc’s recent filing unveils that its 10% Owner ULSE Inc. unloaded Company’s shares for reported $147.0 million on Sep 23 ’24. In the deal valued at $49.00 per share,3,000,000 shares were sold. As a result of this transaction, ULSE Inc. now holds 0 shares worth roughly $0.0.
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Then, ULSE Inc. sold 20,000,000 shares, generating $980,000,000 in total proceeds. Upon selling the shares at $49.00, the 10% Owner now owns 0 shares.
Before that, ULSE Inc. sold 38,870,000 shares. UL Solutions Inc shares valued at $1,088,360,000 were divested by the 10% Owner at a price of $28.00 per share. As a result of the transaction, ULSE Inc. now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Neutral”. William Blair began covering ULS with “an Outperform” recommendation on May 07, 2024. Wells Fargo started covering the stock on May 07, 2024. It rated ULS as “an Overweight”.
Price Performance Review of ULS
On Friday, UL Solutions Inc [NYSE:ULS] saw its stock jump 0.12% to $49.97. Over the last five days, the stock has lost -2.71%. UL Solutions Inc shares have risen nearly 43.02% since the year began.
Levels Of Support And Resistance For ULS Stock
The 24-hour chart illustrates a support level at 49.33, which if violated will result in even more drops to 48.68. On the upside, there is a resistance level at 50.36. A further resistance level may holdings at 50.74. The Relative Strength Index (RSI) on the 14-day chart is 40.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.14%. Stochastics %K at 10.23% indicates the stock is a buying.
How much short interest is there in UL Solutions Inc?
A steep rise in short interest was recorded in UL Solutions Inc stocks on 2024-10-31, dropping by -1.39 million shares to a total of 0.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.71 million shares. There was a decline of -435.64%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 07, 2024 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.
