Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Unity Software Inc shares valued at $30,012 were sold by Barrysmith Mark on Dec 16 ’24. At $24.44 per share, Barrysmith Mark sold 1,228 shares. The insider’s holdings dropped to 453,638 shares worth approximately $10.34 million following the completion of this transaction.
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Also, Barrysmith Mark purchased 1,228 shares, netting a total of over 30,012 in proceeds.
Before that, Helgason David had sold 160,000 shares from its account. In a trade valued at $4,301,844, the Director traded Unity Software Inc shares for $26.89 each. Upon closing the transaction, the insider’s holdings decreased to 160,000 shares, worth approximately $182.8 million.
As published in their initiating research note from Wells Fargo on October 29, 2024, Unity Software Inc [U] has been an Equal weight and the price target has been revised to $20. Analysts at Stifel resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 03, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for U. Earlier on February 27, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for U stock which previously was a “an Underweight”.
Analyzing U Stock Performance
During the last five days, there has been a drop of approximately -7.58%. Over the course of the year, Unity Software Inc shares have dropped approximately -44.27%. Shares of the company reached a 52-week high of $40.67 on 01/02/24 and a 52-week low of $13.90 on 08/07/24. A 50-day SMA is recorded $22.36, while a 200-day SMA reached $20.65. Nevertheless, trading volume fell to 3.79 million shares from 5.68 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 22.18, which, if violated, would cause prices to drop to 21.56. In the upper region, resistance lies at 23.23. The next price resistance is at 23.65. RSI (Relative Strength Index) is 45.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.32, which suggests the price will decrease in the coming days. Percent R is at 84.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
