Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upbound Group Inc shares valued at $31,151 were purchased by BROWN JEFFREY J on Oct 22 ’24. At $29.25 per share, BROWN JEFFREY J acquired 1,065 shares. The insider’s holdings grew to 85,234 shares worth approximately $2.6 million following the completion of this transaction.
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Also, Taylor Transient C sold 15,127 shares, netting a total of over 514,318 in proceeds. Following the sale of shares at $34.00 each, the insider now holds 14,651 shares.
Before that, Blasquez Anthony J had sold 2,500 shares from its account. In a trade valued at $82,932, the EVP-RAC traded Upbound Group Inc shares for $33.17 each. Upon closing the transaction, the insider’s holdings decreased to 2,500 shares, worth approximately $1.73 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of March 08, 2024, TD Cowen has initiated its “an Outperform” rating for UPBD. Earlier on January 02, 2024, Stephens upgraded its rating. Their new recommendation was “an Overweight” for UPBD stock which previously was a “an Equal-weight”.
Analyzing UPBD Stock Performance
During the last five days, there has been a drop of approximately -9.67%. Over the course of the year, Upbound Group Inc shares have dropped approximately -10.36%. Shares of the company reached a 52-week high of $38.72 on 07/31/24 and a 52-week low of $26.50 on 10/29/24. A 50-day SMA is recorded $31.50, while a 200-day SMA reached $31.97. Nevertheless, trading volume fell to 0.52 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Upbound Group Inc (UPBD)
According to the 24-hour chart, there is a support level at 29.83, which, if violated, would cause prices to drop to 29.22. In the upper region, resistance lies at 31.58. The next price resistance is at 32.72. RSI (Relative Strength Index) is 34.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.85, which suggests the price will decrease in the coming days. Percent R is at 97.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
