The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BankUnited Inc shares valued at $102,950 were sold by Richards Jay D. on Nov 19 ’24. At $41.18 per share, Richards Jay D. sold 2,500 shares. The insider’s holdings dropped to 34,687 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Richards Jay D. purchased 2,500 shares, netting a total of over 102,950 in proceeds.
Before that, Cornish Thomas M. had sold 10,778 shares from its account. In a trade valued at $421,476, the Chief Operating Officer traded BankUnited Inc shares for $39.11 each. Upon closing the transaction, the insider’s holdings decreased to 10,778 shares, worth approximately $4.1 million.
As published in a research note from Wells Fargo on November 13, 2024, BankUnited Inc [BKU] has been rated up from an Equal weight to an Overweight and the price target has been revised to $48 from $38. Analysts at Hovde Group resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid July. As of March 08, 2024, Barclays has initiated its “an Equal weight” rating for BKU. Earlier on January 08, 2024, UBS downgraded its rating. Their new recommendation was “a Sell” for BKU stock which previously was a “a Neutral”.
Analyzing BKU Stock Performance
During the last five days, there has been a surge of approximately 1.74%. Over the course of the year, BankUnited Inc shares have jumped approximately 26.43%. Shares of the company reached a 52-week high of $41.72 on 11/20/24 and a 52-week low of $24.34 on 04/16/24. A 50-day SMA is recorded $36.84, while a 200-day SMA reached $31.82. Nevertheless, trading volume fell to 1.05 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for BankUnited Inc (BKU)
According to the 24-hour chart, there is a support level at 40.63, which, if violated, would cause prices to drop to 40.26. In the upper region, resistance lies at 41.54. The next price resistance is at 42.09. RSI (Relative Strength Index) is 64.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.00, which suggests the price will increase in the coming days. Percent R is at 9.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
