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A company insider recently bought 13,315 shares of CVR Partners LP [UAN]. Should You Buy?

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. CVR Partners LP shares valued at $941,637 were purchased by ICAHN CARL C on Nov 26 ’24. At $70.72 per share, ICAHN CARL C acquired 13,315 shares. The insider’s holdings grew to 141,844 shares worth approximately $10.75 million following the completion of this transaction.

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Also, ICAHN CARL C purchased 10,000 shares, netting a total of over 715,500 in proceeds. Following the buying of shares at $71.55 each, the insider now holds 128,529 shares.

Before that, ICAHN CARL C had added 2,500 shares to its account. In a trade valued at $180,900, the 10% Owner bought CVR Partners LP shares for $72.36 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $8.98 million.

As published in a research note from Goldman on January 16, 2020, CVR Partners LP [UAN] has been rated down from a Buy to a Neutral and the price target has been revised to $3 from $5. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of November 05, 2013, Barclays has reiterated its “an Equal weight” rating for UAN. Earlier on January 10, 2013, Barclays resumed its rating. Their recommendation was “an Equal weight” for UAN stock.

Analyzing UAN Stock Performance

During the last five days, there has been a surge of approximately 5.97%. Over the course of the year, CVR Partners LP shares have jumped approximately 15.68%. Shares of the company reached a 52-week high of $88.94 on 05/21/24 and a 52-week low of $61.62 on 03/06/24. A 50-day SMA is recorded $69.90, while a 200-day SMA reached $73.89. Nevertheless, trading volume fell to 78144.0 shares from 35900.0 shares the previous day.

Support And Resistance Levels for CVR Partners LP (UAN)

According to the 24-hour chart, there is a support level at 72.13, which, if violated, would cause prices to drop to 68.49. In the upper region, resistance lies at 77.65. The next price resistance is at 79.53. RSI (Relative Strength Index) is 67.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 1.42%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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