Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UFP Industries Inc shares valued at $1,965,450 were sold by MISSAD MATTHEW J on Nov 22 ’24. At $131.03 per share, MISSAD MATTHEW J sold 15,000 shares. The insider’s holdings dropped to 314,450 shares worth approximately $42.53 million following the completion of this transaction.
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Also, MISSAD MATTHEW J purchased 15,000 shares, netting a total of over 1,964,475 in proceeds.
Before that, COLE MICHAEL R had added 1,000 shares to its account. In a trade valued at $120,000, the Officer bought UFP Industries Inc shares for $120.00 each.
As published in a research note from DA Davidson on November 01, 2023, UFP Industries Inc [UFPI] has been rated down from a Buy to a Neutral and the price target has been revised to $106 from $122. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid July. Earlier on March 11, 2020, Stifel initiated its rating. Their recommendation was “a Buy” for UFPI stock.
Analyzing UFPI Stock Performance
During the last five days, there has been a surge of approximately 5.15%. Over the course of the year, UFP Industries Inc shares have jumped approximately 7.73%. Shares of the company reached a 52-week high of $141.33 on 11/25/24 and a 52-week low of $107.49 on 07/05/24. A 50-day SMA is recorded $131.52, while a 200-day SMA reached $120.82. Nevertheless, trading volume fell to 0.22 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for UFP Industries Inc (UFPI)
According to the 24-hour chart, there is a support level at 133.43, which, if violated, would cause prices to drop to 131.59. In the upper region, resistance lies at 138.57. The next price resistance is at 141.87. RSI (Relative Strength Index) is 56.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.43, which suggests the price will increase in the coming days. Percent R is at 38.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
