Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unity Software Inc shares valued at $13,696,800 were purchased by Tomer Bar-Zeev on Dec 04 ’24. At $26.34 per share, Tomer Bar-Zeev acquired 520,000 shares.
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Also, The Felix sold 11,719 shares, netting a total of over 285,795 in proceeds. Following the sale of shares at $24.39 each, the insider now holds 411,960 shares.
Before that, Gupta Anirma had sold 10,465 shares from its account. In a trade valued at $255,086, the SVP, Chief Legal Officer traded Unity Software Inc shares for $24.38 each. Upon closing the transaction, the insider’s holdings decreased to 10,465 shares, worth approximately $15.17 million.
As published in their initiating research note from Wells Fargo on October 29, 2024, Unity Software Inc [U] has been an Equal weight and the price target has been revised to $20. Analysts at Stifel resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 03, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for U. Earlier on February 27, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for U stock which previously was a “an Underweight”.
Analyzing U Stock Performance
During the last five days, there has been a surge of approximately 12.76%. Over the course of the year, Unity Software Inc shares have dropped approximately -35.58%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $13.90 on 08/07/24. A 50-day SMA is recorded $21.45, while a 200-day SMA reached $20.94. Nevertheless, trading volume fell to 17.71 million shares from 10.88 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 24.99, which, if violated, would cause prices to drop to 23.63. In the upper region, resistance lies at 27.47. The next price resistance is at 28.59. RSI (Relative Strength Index) is 71.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.76, which suggests the price will increase in the coming days. Percent R is at 9.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
