Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Urban Outfitters, Inc shares valued at $413,963 were sold by Smith Tricia D on Sep 06 ’24. At $35.29 per share, Smith Tricia D sold 11,730 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Smith Tricia D purchased 11,730 shares, netting a total of over 413,964 in proceeds.
Before that, CHERKEN HARRY S JR had sold 5,000 shares from its account. In a trade valued at $241,481, the Director traded Urban Outfitters, Inc shares for $48.30 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $31.49 million.
As published in a research note from Citigroup on November 27, 2024, Urban Outfitters, Inc [URBN] has been rated up from a Neutral to a Buy and the price target has been revised to $59 from $42. Analysts at Telsey Advisory Group resumed the stock at ‘”a Market perform”‘ outlook in a report released in late November. As of August 22, 2024, Telsey Advisory Group has decreased its “an Outperform” rating to a “Market perform” for URBN. Earlier on May 22, 2024, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for URBN stock.
Analyzing URBN Stock Performance
During the last five days, there has been a surge of approximately 5.03%. Over the course of the year, Urban Outfitters, Inc shares have jumped approximately 56.09%. Shares of the company reached a 52-week high of $56.06 on 12/26/24 and a 52-week low of $33.86 on 09/11/24. A 50-day SMA is recorded $43.26, while a 200-day SMA reached $41.36. Nevertheless, trading volume fell to 1.23 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Urban Outfitters, Inc (URBN)
According to the 24-hour chart, there is a support level at 54.56, which, if violated, would cause prices to drop to 53.40. In the upper region, resistance lies at 56.46. The next price resistance is at 57.21. RSI (Relative Strength Index) is 72.58 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.96, which suggests the price will increase in the coming days. Percent R is at 4.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
