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Recent Insider Activity Suggests Potential Gains for Urban One Inc (UONE)

Urban One Inc’s recently made public that its CFO/EVP Thompson Peter unloaded Company’s shares for reported $0.25 million on Sep 23 ’24. In the deal valued at $1.23 per share,200,000 shares were sold. As a result of this transaction, Thompson Peter now holds 320,642 shares worth roughly $0.47 million.

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Then, KANTOR DAVID M sold 87 shares, generating $326 in total proceeds. Upon selling the shares at $3.75, the CEO, Radio Division now owns 273,527 shares.

Price Performance Review of UONE

On Friday, Urban One Inc [NASDAQ:UONE] saw its stock jump 2.07% to $1.48. Over the last five days, the stock has lost -1.33%. Urban One Inc shares have fallen nearly -63.28% since the year began. Nevertheless, the stocks have fallen -65.74% over the past one year. While a 52-week high of $4.53 was reached on 01/05/24, a 52-week low of $1.23 was recorded on 10/11/24. SMA at 50 days reached $1.5593, while 200 days put it at $2.0959.

Levels Of Support And Resistance For UONE Stock

The 24-hour chart illustrates a support level at 1.4037, which if violated will result in even more drops to 1.3273. On the upside, there is a resistance level at 1.5332. A further resistance level may holdings at 1.5863. The Relative Strength Index (RSI) on the 14-day chart is 49.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0660, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.16%. Stochastics %K at 27.00% indicates the stock is a holding.

How much short interest is there in Urban One Inc?

A steep rise in short interest was recorded in Urban One Inc stocks on 2024-10-15, dropping by 11553.0 shares to a total of 28394.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 39947.0 shares. There was a decline of -40.69%, which implies that there is a negative sentiment for the stock.

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