Urban Edge Properties’s filing revealed that its Chairman of the Board & CEO Olson Jeffrey S unloaded Company’s shares for reported $5.39 million on Dec 11 ’24. In the deal valued at $22.45 per share,240,000 shares were sold. As a result of this transaction, Olson Jeffrey S now holds 1,931 shares worth roughly $41477.88.
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Then, Jeffrey S. Olson bought 240,000 shares, generating $5,378,400 in total proceeds.
Before that, Olson Jeffrey S sold 188,733 shares. Urban Edge Properties shares valued at $4,304,169 were divested by the Chairman of the Board & CEO at a price of $22.81 per share. As a result of the transaction, Olson Jeffrey S now holds 1,931 shares, worth roughly $41477.88.
Morgan Stanley upgraded its Urban Edge Properties [UE] rating to an Equal-weight from a an Underweight in a research note published on December 21, 2023; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “an In-line”. Wolfe Research began covering UE with “an Outperform” recommendation on September 23, 2021. Evercore ISI revised its rating on September 20, 2021. It rated UE as “an Outperform” which previously was an “an In-line”.
Price Performance Review of UE
On Monday, Urban Edge Properties [NYSE:UE] saw its stock fall -0.42% to $21.48. Over the last five days, the stock has lost -5.25%. Urban Edge Properties shares have risen nearly 17.38% since the year began. Nevertheless, the stocks have risen 16.11% over the past one year. While a 52-week high of $23.85 was reached on 11/11/24, a 52-week low of $15.81 was recorded on 04/16/24. SMA at 50 days reached $22.52, while 200 days put it at $19.61.
Levels Of Support And Resistance For UE Stock
The 24-hour chart illustrates a support level at 21.33, which if violated will result in even more drops to 21.18. On the upside, there is a resistance level at 21.61. A further resistance level may holdings at 21.74. The Relative Strength Index (RSI) on the 14-day chart is 35.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.10%. Stochastics %K at 10.03% indicates the stock is a buying.
How much short interest is there in Urban Edge Properties?
A steep rise in short interest was recorded in Urban Edge Properties stocks on 2024-11-29, dropping by -0.76 million shares to a total of 2.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.09 million shares. There was a decline of -32.47%, which implies that there is a negative sentiment for the stock.
