Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Universal Technical Institute Inc shares valued at $62,337,833 were sold by Coliseum Capital Management, L on Dec 02 ’24. At $25.10 per share, Coliseum Capital Management, L sold 2,483,579 shares. The insider’s holdings dropped to 6,850,636 shares worth approximately $174.28 million following the completion of this transaction.
Also, Coliseum Capital Management, L purchased 2,483,579 shares, netting a total of over 64,250,189 in proceeds.
Before that, TRAMMELL KENNETH R had sold 30,000 shares from its account. In a trade valued at $777,453, the Director traded Universal Technical Institute Inc shares for $25.92 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $3.26 million.
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 drop of approximately -2.30%. Over the course of the year, Universal Technical Institute Inc shares have jumped approximately 103.19%. Shares of the company reached a 52-week high of $26.64 on 12/02/24 and a 52-week low of $12.14 on 01/09/24. A 50-day SMA is recorded $18.82, while a 200-day SMA reached $16.61. Nevertheless, trading volume fell to 0.73 million shares from 0.71 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 24.75, which, if violated, would cause prices to drop to 24.07. In the upper region, resistance lies at 25.92. The next price resistance is at 26.41. RSI (Relative Strength Index) is 69.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 16.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
