Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Universal Stainless & Alloy Products, Inc shares valued at $1,061,675 were purchased by Crosby Wendel on Nov 04 ’24. At $44.15 per share, Crosby Wendel acquired 24,047 shares.
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Also, Crosby Wendel sold 24,047 shares, netting a total of over 1,063,654 in proceeds. Following the sale of shares at $44.23 each, the insider now holds 56,647 shares.
As published in a research note from KeyBanc Capital Markets on June 20, 2023, Universal Stainless & Alloy Products, Inc [USAP] has been rated up from a Sector weight to an Overweight and the price target has been revised to $16. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in mid January. As of January 28, 2019, KeyBanc Capital Mkts has increased its “Sector weight” rating to a “an Overweight” for USAP. Earlier on January 25, 2017, CL King upgraded its rating. Their new recommendation was “a Buy” for USAP stock which previously was a “a Neutral”.
Analyzing USAP Stock Performance
During the last five days, there has been a surge of approximately 0.82%. Over the course of the year, Universal Stainless & Alloy Products, Inc shares have jumped approximately 121.17%. Shares of the company reached a 52-week high of $45.30 on 10/17/24 and a 52-week low of $17.02 on 01/22/24. A 50-day SMA is recorded $42.29, while a 200-day SMA reached $32.97. Nevertheless, trading volume fell to 82629.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for Universal Stainless & Alloy Products, Inc (USAP)
According to the 24-hour chart, there is a support level at 44.26, which, if violated, would cause prices to drop to 44.10. In the upper region, resistance lies at 44.51. The next price resistance is at 44.60. RSI (Relative Strength Index) is 64.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 20.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
