Universal Technical Institute Inc’s recently made public that its Chief Executive Officer Grant Jerome Alan unloaded Company’s shares for reported $1.19 million on Aug 23 ’24. In the deal valued at $17.53 per share,68,000 shares were sold. As a result of this transaction, Grant Jerome Alan now holds 136,443 shares worth roughly $3.46 million.
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Then, Grant Jerome Alan bought 68,000 shares, generating $1,196,120 in total proceeds.
Before that, Sanchez Loretta Lydia sold 6,288 shares. Universal Technical Institute Inc shares valued at $95,703 were divested by the Director at a price of $15.22 per share. As a result of the transaction, Sanchez Loretta Lydia now holds 13,712 shares, worth roughly $0.35 million.
Truist initiated its Universal Technical Institute Inc [UTI] rating to a Buy in a research note published on July 25, 2024; the price target was $22. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. Argus also remained covering UTI and has decreased its forecast on June 23, 2023 with a “Hold” recommendation from previously “Buy” rating. Rosenblatt started covering the stock on July 12, 2022. It rated UTI as “a Buy”.
Price Performance Review of UTI
On Friday, Universal Technical Institute Inc [NYSE:UTI] saw its stock jump 7.50% to $25.38. Over the last five days, the stock has gained 29.42%. Universal Technical Institute Inc shares have risen nearly 102.72% since the year began. Nevertheless, the stocks have risen 116.37% over the past one year. While a 52-week high of $24.44 was reached on 11/22/24, a 52-week low of $10.46 was recorded on 01/09/24. SMA at 50 days reached $17.37, while 200 days put it at $16.20.
Levels Of Support And Resistance For UTI Stock
The 24-hour chart illustrates a support level at 24.21, which if violated will result in even more drops to 23.03. On the upside, there is a resistance level at 26.08. A further resistance level may holdings at 26.77. The Relative Strength Index (RSI) on the 14-day chart is 85.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.37%. Stochastics %K at 89.48% indicates the stock is a selling.
How much short interest is there in Universal Technical Institute Inc?
A steep rise in short interest was recorded in Universal Technical Institute Inc stocks on 2024-10-31, dropping by 60392.0 shares to a total of 1.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.92 million shares. There was a decline of -3.25%, which implies that there is a negative sentiment for the stock.
