Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Universal Technical Institute Inc shares valued at $3,818,252 were sold by DEVINCENZI ROBERT THOMAS on Nov 25 ’24. At $25.46 per share, DEVINCENZI ROBERT THOMAS sold 150,000 shares. The insider’s holdings dropped to 122,452 shares worth approximately $3.19 million following the completion of this transaction.
Also, TRAMMELL KENNETH R purchased 30,000 shares, netting a total of over 777,454 in proceeds.
Before that, SRERE LINDA J had added 30,000 shares to its account. In a trade valued at $765,900, the Director bought Universal Technical Institute Inc shares for $25.53 each.
As published in their initiating research note from Truist on July 25, 2024, Universal Technical Institute Inc [UTI] has been a Buy and the price target has been revised to $22. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in early January. As of June 23, 2023, Argus has decreased its “Buy” rating to a “Hold” for UTI. Earlier on July 12, 2022, Rosenblatt initiated its rating. Their recommendation was “a Buy” for UTI stock.
Analyzing UTI Stock Performance
During the last five days, there has been a surge of approximately 30.92%. Over the course of the year, Universal Technical Institute Inc shares have jumped approximately 107.99%. Shares of the company reached a 52-week high of $26.43 on 11/27/24 and a 52-week low of $12.14 on 01/09/24. A 50-day SMA is recorded $17.93, while a 200-day SMA reached $16.35. Nevertheless, trading volume fell to 0.27 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Universal Technical Institute Inc (UTI)
According to the 24-hour chart, there is a support level at 25.60, which, if violated, would cause prices to drop to 25.15. In the upper region, resistance lies at 26.46. The next price resistance is at 26.87. RSI (Relative Strength Index) is 86.82 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.05, which suggests the price will increase in the coming days. Percent R is at 5.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
