In a filing, Universal Display Corp revealed its Director LACERTE LAWRENCE acquired Company’s shares for reported $0.13 million on Nov 04 ’24. In the deal valued at $180.89 per share,742 shares were bought. As a result of this transaction, LACERTE LAWRENCE now holds 122,372 shares worth roughly $19.0 million.
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Then, ELIAS RICHARD C sold 5,064 shares, generating $975,326 in total proceeds. Upon selling the shares at $192.60, the Director now owns 4,439 shares.
Before that, LACERTE LAWRENCE bought 1,000 shares. Universal Display Corp shares valued at $187,990 were divested by the Director at a price of $187.99 per share. As a result of the transaction, LACERTE LAWRENCE now holds 121,316 shares, worth roughly $18.84 million.
TD Cowen reiterated its Universal Display Corp [OLED] rating to a Buy in a research note published on October 31, 2024; the price target was $225. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Buy”‘ rating for it. Needham also remained covering OLED and reiterated its “Buy” recommendation on July 02, 2024. TD Cowen maintained its rating on February 23, 2024. It rated OLED as “an Outperform”.
Price Performance Review of OLED
On Tuesday, Universal Display Corp [NASDAQ:OLED] saw its stock fall -1.67% to $155.30. Over the last five days, the stock has lost -5.51%. Universal Display Corp shares have fallen nearly -18.80% since the year began. Nevertheless, the stocks have fallen -11.38% over the past one year. While a 52-week high of $237.00 was reached on 07/16/24, a 52-week low of $148.75 was recorded on 04/19/24. SMA at 50 days reached $184.96, while 200 days put it at $185.64.
Levels Of Support And Resistance For OLED Stock
The 24-hour chart illustrates a support level at 153.86, which if violated will result in even more drops to 152.41. On the upside, there is a resistance level at 157.56. A further resistance level may holdings at 159.82. The Relative Strength Index (RSI) on the 14-day chart is 28.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.66%. Stochastics %K at 10.62% indicates the stock is a buying.
How much short interest is there in Universal Display Corp?
A steep rise in short interest was recorded in Universal Display Corp stocks on 2024-11-29, dropping by -0.86 million shares to a total of 0.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.71 million shares. There was a decline of -102.82%, which implies that there is a negative sentiment for the stock.
