Unity Software Inc’s recent filing unveils that its Director Tomer Bar-Zeev acquired Company’s shares for reported $4.33 million on Nov 18 ’24. In the deal valued at $17.34 per share,250,000 shares were bought.
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Then, VIOLA VENTURES III, L.P. bought 13,660 shares, generating $245,743 in total proceeds.
Before that, Bar-Zeev Tomer sold 250,000 shares. Unity Software Inc shares valued at $4,380,000 were divested by the Director at a price of $17.52 per share. As a result of the transaction, Bar-Zeev Tomer now holds 4,248,146 shares, worth roughly $76.42 million.
Wells Fargo initiated its Unity Software Inc [U] rating to an Equal weight in a research note published on October 29, 2024; the price target was $20. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley also remained covering U and has increased its forecast on September 03, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Piper Sandler revised its rating on February 27, 2024. It rated U as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of U
On Monday, Unity Software Inc [NYSE:U] saw its stock jump 3.75% to $17.99. Over the last five days, the stock has lost -10.94%. Unity Software Inc shares have fallen nearly -56.00% since the year began. Nevertheless, the stocks have fallen -37.75% over the past one year. While a 52-week high of $43.54 was reached on 01/02/24, a 52-week low of $13.90 was recorded on 08/07/24. SMA at 50 days reached $20.69, while 200 days put it at $21.49.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 17.53, which if violated will result in even more drops to 17.07. On the upside, there is a resistance level at 18.23. A further resistance level may holdings at 18.47. The Relative Strength Index (RSI) on the 14-day chart is 37.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.93%. Stochastics %K at 4.62% indicates the stock is a buying.
How much short interest is there in Unity Software Inc?
A steep rise in short interest was recorded in Unity Software Inc stocks on 2024-10-31, dropping by -5.31 million shares to a total of 24.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 29.71 million shares. There was a decline of -21.76%, which implies that there is a negative sentiment for the stock.
