The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Upstart Holdings Inc shares valued at $3,470,228 were sold by Girouard Dave on Dec 16 ’24. At $83.28 per share, Girouard Dave sold 41,667 shares. The insider’s holdings dropped to 57,138 shares worth approximately $3.91 million following the completion of this transaction.
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Also, Girouard Dave purchased 41,667 shares, netting a total of over 3,470,228 in proceeds.
Before that, Gu Paul had sold 40,226 shares from its account. In a trade valued at $3,035,318, the Chief Technology Offier traded Upstart Holdings Inc shares for $75.46 each. Upon closing the transaction, the insider’s holdings decreased to 40,226 shares, worth approximately $59.13 million.
As published in a research note from Needham on December 13, 2024, Upstart Holdings Inc [UPST] has been rated up from a Hold to a Buy and the price target has been revised to $100. Analysts at Redburn Atlantic upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of December 02, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for UPST. Earlier on November 11, 2024, BTIG Research upgraded its rating. Their new recommendation was “a Neutral” for UPST stock which previously was a “a Sell”.
Analyzing UPST Stock Performance
During the last five days, there has been a drop of approximately -17.35%. Over the course of the year, Upstart Holdings Inc shares have jumped approximately 67.87%. Shares of the company reached a 52-week high of $88.95 on 12/13/24 and a 52-week low of $20.60 on 08/05/24. A 50-day SMA is recorded $65.93, while a 200-day SMA reached $38.53. Nevertheless, trading volume fell to 2.11 million shares from 3.51 million shares the previous day.
Support And Resistance Levels for Upstart Holdings Inc (UPST)
According to the 24-hour chart, there is a support level at 67.51, which, if violated, would cause prices to drop to 66.50. In the upper region, resistance lies at 69.50. The next price resistance is at 70.48. RSI (Relative Strength Index) is 45.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.93, which suggests the price will decrease in the coming days. Percent R is at 87.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
