Unity Software Inc’s recent filing unveils that its SVP Product & Technology, Grow The Felix unloaded Company’s shares for reported $0.29 million on Nov 25 ’24. In the deal valued at $24.39 per share,11,719 shares were sold. As a result of this transaction, The Felix now holds 411,960 shares worth roughly $9.62 million.
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Then, Gupta Anirma sold 10,465 shares, generating $255,086 in total proceeds. Upon selling the shares at $24.38, the SVP, Chief Legal Officer now owns 575,811 shares.
Before that, Barrysmith Mark sold 8,112 shares. Unity Software Inc shares valued at $197,771 were divested by the SVP, CAO and Interim CFO at a price of $24.38 per share. As a result of the transaction, Barrysmith Mark now holds 454,866 shares, worth roughly $10.63 million.
Wells Fargo initiated its Unity Software Inc [U] rating to an Equal weight in a research note published on October 29, 2024; the price target was $20. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley also remained covering U and has increased its forecast on September 03, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Piper Sandler revised its rating on February 27, 2024. It rated U as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of U
On Tuesday, Unity Software Inc [NYSE:U] saw its stock fall -2.75% to $23.36. Over the last five days, the stock has gained 17.98%. Unity Software Inc shares have fallen nearly -42.87% since the year began. Nevertheless, the stocks have fallen -16.96% over the past one year. While a 52-week high of $43.54 was reached on 01/02/24, a 52-week low of $13.90 was recorded on 08/07/24. SMA at 50 days reached $21.11, while 200 days put it at $21.18.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 22.84, which if violated will result in even more drops to 22.33. On the upside, there is a resistance level at 23.82. A further resistance level may holdings at 24.29. The Relative Strength Index (RSI) on the 14-day chart is 61.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.71%. Stochastics %K at 87.31% indicates the stock is a selling.
How much short interest is there in Unity Software Inc?
A steep rise in short interest was recorded in Unity Software Inc stocks on 2024-11-15, dropping by -2.06 million shares to a total of 23.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 25.66 million shares. There was a decline of -8.75%, which implies that there is a negative sentiment for the stock.
