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. UFP Technologies Inc shares valued at $50,033 were sold by Holt Jason on Nov 12 ’24. At $342.69 per share, Holt Jason sold 146 shares. The insider’s holdings dropped to 6,721 shares worth approximately $2.16 million following the completion of this transaction.
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Also, BAILLY R JEFFREY sold 12,533 shares, netting a total of over 4,342,200 in proceeds. Following the sale of shares at $346.46 each, the insider now holds 31,194 shares.
Before that, BAILLY R JEFFREY had sold 2,488 shares from its account. In a trade valued at $860,102, the CEO traded UFP Technologies Inc shares for $345.70 each. Upon closing the transaction, the insider’s holdings decreased to 2,488 shares, worth approximately $9.24 million.
As published in a research note from Lake Street on July 17, 2024, UFP Technologies Inc [UFPT] has been retained to a Buy and the price target has been revised to $392. Analysts at CJS Securities started covering the stock with ‘”a Market outperform”‘ outlook in a report released in mid March. As of February 06, 2024, KeyBanc Capital Markets has initiated its “Sector weight” rating for UFPT.
Analyzing UFPT Stock Performance
During the last five days, there has been a surge of approximately 7.74%. Over the course of the year, UFP Technologies Inc shares have jumped approximately 87.12%. Shares of the company reached a 52-week high of $366.41 on 09/23/24 and a 52-week low of $152.43 on 01/23/24. A 50-day SMA is recorded $307.60, while a 200-day SMA reached $276.10. Nevertheless, trading volume fell to 83149.0 shares from 76400.0 shares the previous day.
Support And Resistance Levels for UFP Technologies Inc (UFPT)
According to the 24-hour chart, there is a support level at 311.58, which, if violated, would cause prices to drop to 301.24. In the upper region, resistance lies at 327.40. The next price resistance is at 332.88. RSI (Relative Strength Index) is 56.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.70, which suggests the price will increase in the coming days. Percent R is at 41.45%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
