Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Universal Display Corp shares valued at $134,220 were purchased by LACERTE LAWRENCE on Nov 04 ’24. At $180.89 per share, LACERTE LAWRENCE acquired 742 shares. The insider’s holdings grew to 122,372 shares worth approximately $18.25 million following the completion of this transaction.
Also, ELIAS RICHARD C sold 5,064 shares, netting a total of over 975,326 in proceeds. Following the sale of shares at $192.60 each, the insider now holds 4,439 shares.
Before that, LACERTE LAWRENCE had added 1,000 shares to its account. In a trade valued at $187,990, the Director bought Universal Display Corp shares for $187.99 each. Upon closing the transaction, the insider’s holdings increased to 1,000 shares, worth approximately $18.09 million.
As published in a research note from TD Cowen on October 31, 2024, Universal Display Corp [OLED] has been retained to a Buy and the price target has been revised to $225. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of July 02, 2024, Needham has reiterated its “Buy” rating for OLED. Earlier on February 23, 2024, TD Cowen resumed its rating. Their recommendation was “an Outperform” for OLED stock.
Analyzing OLED Stock Performance
During the last five days, there has been a drop of approximately -7.44%. Over the course of the year, Universal Display Corp shares have dropped approximately -22.04%. Shares of the company reached a 52-week high of $237.00 on 07/16/24 and a 52-week low of $148.09 on 12/18/24. A 50-day SMA is recorded $178.94, while a 200-day SMA reached $185.23. Nevertheless, trading volume fell to 0.61 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Universal Display Corp (OLED)
According to the 24-hour chart, there is a support level at 144.92, which, if violated, would cause prices to drop to 140.73. In the upper region, resistance lies at 156.47. The next price resistance is at 163.83. RSI (Relative Strength Index) is 29.05 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.72, which suggests the price will decrease in the coming days. Percent R is at 94.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
