Unusual Machines Inc’s filing revealed that its Director Thompson Jeffrey M unloaded Company’s shares for reported $0.51 million on Dec 03 ’24. In the deal valued at $12.65 per share,40,000 shares were sold. As a result of this transaction, Thompson Jeffrey M now holds 325,984 shares worth roughly $5.44 million.
Then, Jeffrey Murray Thompson bought 40,000 shares, generating $602,800 in total proceeds.
Before that, Lowry Robert Paul bought 32,895 shares. Unusual Machines Inc shares valued at $50,000 were divested by the Director at a price of $1.52 per share. As a result of the transaction, Lowry Robert Paul now holds 73,502 shares, worth roughly $1.23 million.
Maxim Group initiated its Unusual Machines Inc [UMAC] rating to a Buy in a research note published on December 18, 2024; the price target was $18.
Price Performance Review of UMAC
On Friday, Unusual Machines Inc [AMEX:UMAC] saw its stock jump 4.71% to $16.68. Over the last five days, the stock has lost -4.90%. Unusual Machines Inc shares have fallen nearly -0.83% since the year began. SMA at 50 days reached $7.82, while 200 days put it at $3.13.
Levels Of Support And Resistance For UMAC Stock
The 24-hour chart illustrates a support level at 15.95, which if violated will result in even more drops to 15.23. On the upside, there is a resistance level at 17.45. A further resistance level may holdings at 18.23. The Relative Strength Index (RSI) on the 14-day chart is 61.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.98%. Stochastics %K at 60.03% indicates the stock is a holding.
How much short interest is there in Unusual Machines Inc?
A steep rise in short interest was recorded in Unusual Machines Inc stocks on 2024-10-31, growing by 2293.0 shares to a total of 5466.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3173.0 shares. There was a rise of 41.95%, which implies that there is a positive sentiment for the stock.
