Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Urban Edge Properties shares valued at $999,445 were purchased by Olson Jeffrey S on Dec 05 ’24. At $22.51 per share, Olson Jeffrey S acquired 44,403 shares.
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Also, Olson Jeffrey S purchased 188,733 shares, netting a total of over 4,296,504 in proceeds.
Before that, Langer Mark had sold 93,962 shares from its account. In a trade valued at $2,214,590, the Chief Financial Officer traded Urban Edge Properties shares for $23.57 each. Upon closing the transaction, the insider’s holdings decreased to 93,962 shares, worth approximately $0.81 million.
As published in a research note from Morgan Stanley on December 21, 2023, Urban Edge Properties [UE] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $18 from $14. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late November. As of September 23, 2021, Wolfe Research has initiated its “an Outperform” rating for UE. Earlier on September 20, 2021, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for UE stock which previously was a “an In-line”.
Analyzing UE Stock Performance
During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, Urban Edge Properties shares have jumped approximately 24.32%. Shares of the company reached a 52-week high of $23.85 on 11/11/24 and a 52-week low of $15.81 on 04/16/24. A 50-day SMA is recorded $22.28, while a 200-day SMA reached $19.30. Nevertheless, trading volume fell to 0.71 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Urban Edge Properties (UE)
According to the 24-hour chart, there is a support level at 22.52, which, if violated, would cause prices to drop to 22.28. In the upper region, resistance lies at 22.90. The next price resistance is at 23.05. RSI (Relative Strength Index) is 49.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 72.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
