Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. UMH Properties Inc shares valued at $1,000 were purchased by Carus Jeffrey A on Dec 16 ’24. At $18.50 per share, Carus Jeffrey A acquired 54 shares. The insider’s holdings grew to 582 shares worth approximately $10982.34 following the completion of this transaction.
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Also, PRUITT ANGELA D. purchased 2,800 shares, netting a total of over 55,384 in proceeds.
Before that, BUTEWICZ AMY LYNN had sold 1,800 shares from its account. In a trade valued at $35,712, the Director traded UMH Properties Inc shares for $19.84 each. Upon closing the transaction, the insider’s holdings decreased to 1,800 shares, worth approximately $0.2 million.
As published in their initiating research note from Alliance Global Partners on July 18, 2024, UMH Properties Inc [UMH] has been a Buy and the price target has been revised to $21. Earlier on July 12, 2023, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for UMH stock which previously was a “an Outperform”.
Analyzing UMH Stock Performance
During the last five days, there has been a drop of approximately -2.33%. Over the course of the year, UMH Properties Inc shares have jumped approximately 23.17%. Shares of the company reached a 52-week high of $20.64 on 09/16/24 and a 52-week low of $14.09 on 02/28/24. A 50-day SMA is recorded $19.11, while a 200-day SMA reached $17.56. Nevertheless, trading volume fell to 0.79 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for UMH Properties Inc (UMH)
According to the 24-hour chart, there is a support level at 18.58, which, if violated, would cause prices to drop to 18.28. In the upper region, resistance lies at 19.46. The next price resistance is at 20.04. RSI (Relative Strength Index) is 42.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 85.93%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
