Universal Stainless & Alloy Products, Inc’s recently made public that its Officer Crosby Wendel acquired Company’s shares for reported $1.06 million on Nov 04 ’24. In the deal valued at $44.15 per share,24,047 shares were bought.
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Then, Crosby Wendel sold 24,047 shares, generating $1,063,654 in total proceeds. Upon selling the shares at $44.23, the V.P. of Manufacturing now owns 56,647 shares.
KeyBanc Capital Markets upgraded its Universal Stainless & Alloy Products, Inc [USAP] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Sector weight”. KeyBanc Capital Mkts also remained covering USAP and has increased its forecast on January 28, 2019 with a “an Overweight” recommendation from previously “Sector weight” rating. CL King revised its rating on January 25, 2017. It rated USAP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of USAP
On Tuesday, Universal Stainless & Alloy Products, Inc [NASDAQ:USAP] saw its stock unchanged to $44.05. Over the last five days, the stock has gained 0.65%. Universal Stainless & Alloy Products, Inc shares have risen nearly 122.06% since the year began. Nevertheless, the stocks have risen 137.81% over the past one year. While a 52-week high of $45.30 was reached on 10/17/24, a 52-week low of $17.02 was recorded on 01/22/24. SMA at 50 days reached $43.99, while 200 days put it at $35.09.
Levels Of Support And Resistance For USAP Stock
The 24-hour chart illustrates a support level at 43.95, which if violated will result in even more drops to 43.85. On the upside, there is a resistance level at 44.15. A further resistance level may holdings at 44.25. The Relative Strength Index (RSI) on the 14-day chart is 64.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.56%. Stochastics %K at 20.83% indicates the stock is a holding.
How much short interest is there in Universal Stainless & Alloy Products, Inc?
A steep rise in short interest was recorded in Universal Stainless & Alloy Products, Inc stocks on 2024-11-29, dropping by -0.17 million shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.46 million shares. There was a decline of -56.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 11, 2017 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $19 price target.
