Unity Software Inc’s recent filing unveils that its Officer The Felix acquired Company’s shares for reported $0.55 million on Dec 06 ’24. In the deal valued at $27.43 per share,20,000 shares were bought.
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Then, Bar-Zeev Tomer sold 210,000 shares, generating $5,865,300 in total proceeds. Upon selling the shares at $27.93, the Director now owns 757,650 shares.
Before that, Bar-Zeev Tomer sold 50,000 shares. Unity Software Inc shares valued at $1,396,500 were divested by the Director at a price of $27.93 per share. As a result of the transaction, Bar-Zeev Tomer now holds 3,898,146 shares, worth roughly $108.06 million.
Wells Fargo initiated its Unity Software Inc [U] rating to an Equal weight in a research note published on October 29, 2024; the price target was $20. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley also remained covering U and has increased its forecast on September 03, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Piper Sandler revised its rating on February 27, 2024. It rated U as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of U
On Friday, Unity Software Inc [NYSE:U] saw its stock jump 0.33% to $27.72. Over the last five days, the stock has gained 14.97%. Unity Software Inc shares have fallen nearly -32.21% since the year began. Nevertheless, the stocks have fallen -12.00% over the past one year. While a 52-week high of $43.54 was reached on 01/02/24, a 52-week low of $13.90 was recorded on 08/07/24. SMA at 50 days reached $21.67, while 200 days put it at $20.91.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 26.87, which if violated will result in even more drops to 26.02. On the upside, there is a resistance level at 28.62. A further resistance level may holdings at 29.52. The Relative Strength Index (RSI) on the 14-day chart is 75.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.36%. Stochastics %K at 91.60% indicates the stock is a selling.
How much short interest is there in Unity Software Inc?
A steep rise in short interest was recorded in Unity Software Inc stocks on 2024-11-15, dropping by -2.06 million shares to a total of 23.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 25.66 million shares. There was a decline of -8.75%, which implies that there is a negative sentiment for the stock.
