Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. UL Solutions Inc shares valued at $1,074,039 were sold by Schjotz Gitte on Dec 12 ’24. At $51.14 per share, Schjotz Gitte sold 21,000 shares. The insider’s holdings dropped to 45,273 shares worth approximately $2.25 million following the completion of this transaction.
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Also, Schjotz Gitte purchased 21,000 shares, netting a total of over 1,074,039 in proceeds.
Before that, Schjotz Gitte had sold 2,726 shares from its account. In a trade valued at $143,336, the insider traded UL Solutions Inc shares for $52.58 each. Upon closing the transaction, the insider’s holdings decreased to 2,726 shares, worth approximately $3.3 million.
Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of May 07, 2024, William Blair has initiated its “an Outperform” rating for ULS. Earlier on May 07, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for ULS stock.
Analyzing ULS Stock Performance
During the last five days, there has been a drop of approximately -2.44%. Over the course of the year, UL Solutions Inc shares have dropped approximately -0.46%. Nevertheless, trading volume fell to 0.55 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for UL Solutions Inc (ULS)
According to the 24-hour chart, there is a support level at 49.19, which, if violated, would cause prices to drop to 48.73. In the upper region, resistance lies at 50.24. The next price resistance is at 50.83. RSI (Relative Strength Index) is 39.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 78.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
