UWM Holdings Corporation’s filing revealed that its President and CEO Mat Ishbia unloaded Company’s shares for reported $10.14 million on Sep 16 ’24. In the deal valued at $8.45 per share,1,200,000 shares were sold. As a result of this transaction, Mat Ishbia now holds 0 shares worth roughly $0.0.
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Then, Mat Ishbia sold 10,842,012 shares, generating $91,615,001 in total proceeds. Upon selling the shares at $8.45, the President and CEO now owns 0 shares.
Before that, Mat Ishbia sold 5,000,000 shares. UWM Holdings Corporation shares valued at $45,550,000 were divested by the President and CEO at a price of $9.11 per share. As a result of the transaction, Mat Ishbia now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including Barclays’s analysts, who increased its forecast for the stock in early October from “an Underweight” to “an Equal weight”. Keefe Bruyette also remained covering UWMC and has increased its forecast on April 09, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Deutsche Bank started covering the stock on January 10, 2024. It rated UWMC as “a Hold”.
Price Performance Review of UWMC
On Monday, UWM Holdings Corporation [NYSE:UWMC] saw its stock jump 1.37% to $5.91. Over the last five days, the stock has lost -4.52%. UWM Holdings Corporation shares have fallen nearly -17.34% since the year began. Nevertheless, the stocks have risen 4.05% over the past one year. While a 52-week high of $9.74 was reached on 08/23/24, a 52-week low of $5.42 was recorded on 11/18/24. SMA at 50 days reached $7.39, while 200 days put it at $7.36.
Levels Of Support And Resistance For UWMC Stock
The 24-hour chart illustrates a support level at 5.74, which if violated will result in even more drops to 5.58. On the upside, there is a resistance level at 6.00. A further resistance level may holdings at 6.09. The Relative Strength Index (RSI) on the 14-day chart is 29.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.14%. Stochastics %K at 13.17% indicates the stock is a buying.
How much short interest is there in UWM Holdings Corporation?
A steep rise in short interest was recorded in UWM Holdings Corporation stocks on 2024-10-31, dropping by -2.87 million shares to a total of 11.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.8 million shares. There was a decline of -24.11%, which implies that there is a negative sentiment for the stock.
