Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. United Parcel Service, Inc shares valued at $1,371,022 were sold by Cesarone Nando on Nov 25 ’24. At $137.10 per share, Cesarone Nando sold 10,000 shares. The insider’s holdings dropped to 36,769 shares worth approximately $4.55 million following the completion of this transaction.
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Also, Brothers Norman M. Jr sold 7,325 shares, netting a total of over 1,015,009 in proceeds. Following the sale of shares at $138.57 each, the insider now holds 0 shares.
Before that, Brothers Norman M. Jr had added 7,325 shares to its account. In a trade valued at $1,015,010, the Officer bought United Parcel Service, Inc shares for $138.57 each.
As published in a research note from BMO Capital Markets on December 10, 2024, United Parcel Service, Inc [UPS] has been rated up from a Market perform to an Outperform and the price target has been revised to $150 from $155. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of October 21, 2024, Barclays has decreased its “an Equal weight” rating to a “an Underweight” for UPS. Earlier on October 09, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for UPS stock.
Analyzing UPS Stock Performance
During the last five days, there has been a drop of approximately -4.10%. Over the course of the year, United Parcel Service, Inc shares have dropped approximately -21.25%. Shares of the company reached a 52-week high of $161.48 on 01/10/24 and a 52-week low of $123.12 on 08/08/24. A 50-day SMA is recorded $132.57, while a 200-day SMA reached $137.22. Nevertheless, trading volume fell to 4.7 million shares from 3.44 million shares the previous day.
Support And Resistance Levels for United Parcel Service, Inc (UPS)
According to the 24-hour chart, there is a support level at 122.67, which, if violated, would cause prices to drop to 121.52. In the upper region, resistance lies at 126.05. The next price resistance is at 128.27. RSI (Relative Strength Index) is 33.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.49, which suggests the price will decrease in the coming days. Percent R is at 99.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
