BankUnited Inc’s recently made public that its Officer of Subsidiary Richards Jay D. unloaded Company’s shares for reported $0.1 million on Nov 19 ’24. In the deal valued at $41.18 per share,2,500 shares were sold. As a result of this transaction, Richards Jay D. now holds 34,687 shares worth roughly $1.38 million.
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Then, Richards Jay D. bought 2,500 shares, generating $102,950 in total proceeds.
Before that, Cornish Thomas M. sold 10,778 shares. BankUnited Inc shares valued at $421,476 were divested by the Chief Operating Officer at a price of $39.11 per share. As a result of the transaction, Cornish Thomas M. now holds 100,000 shares, worth roughly $3.97 million.
Wells Fargo upgraded its BankUnited Inc [BKU] rating to an Overweight from a an Equal weight in a research note published on November 13, 2024; the price target was increased to $48 from $38. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Barclays began covering BKU with “an Equal weight” recommendation on March 08, 2024. UBS revised its rating on January 08, 2024. It rated BKU as “a Sell” which previously was an “a Neutral”.
Price Performance Review of BKU
On Tuesday, BankUnited Inc [NYSE:BKU] saw its stock fall -2.69% to $39.72. Over the last five days, the stock has lost -3.55%. BankUnited Inc shares have risen nearly 22.48% since the year began. Nevertheless, the stocks have risen 20.77% over the past one year. While a 52-week high of $44.45 was reached on 11/25/24, a 52-week low of $24.34 was recorded on 04/16/24. SMA at 50 days reached $38.86, while 200 days put it at $33.17.
Levels Of Support And Resistance For BKU Stock
The 24-hour chart illustrates a support level at 39.18, which if violated will result in even more drops to 38.64. On the upside, there is a resistance level at 40.51. A further resistance level may holdings at 41.31. The Relative Strength Index (RSI) on the 14-day chart is 43.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.69%. Stochastics %K at 11.96% indicates the stock is a buying.
How much short interest is there in BankUnited Inc?
A steep rise in short interest was recorded in BankUnited Inc stocks on 2024-11-29, dropping by -0.11 million shares to a total of 2.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.43 million shares. There was a decline of -4.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $28 price target.
