Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upland Software Inc shares valued at $45,061 were sold by Mattox Timothy on Nov 14 ’24. At $2.50 per share, Mattox Timothy sold 18,000 shares. The insider’s holdings dropped to 416,776 shares worth approximately $1.37 million following the completion of this transaction.
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Also, Mattox Timothy sold 2,000 shares, netting a total of over 5,272 in proceeds. Following the sale of shares at $2.64 each, the insider now holds 434,776 shares.
Before that, Mattox Timothy had added 20,000 shares to its account. In a trade valued at $55,900, the Director bought Upland Software Inc shares for $2.79 each.
As published in a research note from ROTH MKM on November 10, 2023, Upland Software Inc [UPLD] has been rated down from a Neutral to a Sell and the price target has been revised to $3.50. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 24, 2023, ROTH MKM has decreased its “Buy” rating to a “Neutral” for UPLD. Earlier on February 24, 2023, Needham downgraded its rating. Their new recommendation was “a Hold” for UPLD stock which previously was a “a Buy”.
Analyzing UPLD Stock Performance
During the last five days, there has been a surge of approximately 28.12%. Over the course of the year, Upland Software Inc shares have dropped approximately -22.46%. Shares of the company reached a 52-week high of $4.95 on 02/12/24 and a 52-week low of $1.79 on 08/12/24. A 50-day SMA is recorded $2.48, while a 200-day SMA reached $2.61. Nevertheless, trading volume fell to 0.59 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Upland Software Inc (UPLD)
According to the 24-hour chart, there is a support level at 2.98, which, if violated, would cause prices to drop to 2.68. In the upper region, resistance lies at 3.72. The next price resistance is at 4.16. RSI (Relative Strength Index) is 66.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 33.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
