Unity Software Inc’s filing revealed that its Director Bar-Zeev Tomer unloaded Company’s shares for reported $6.25 million on Jan 02 ’25. In the deal valued at $25.02 per share,250,000 shares were sold. As a result of this transaction, Bar-Zeev Tomer now holds 3,648,146 shares worth roughly $87.88 million.
Then, Tomer Bar-Zeev bought 750,000 shares, generating $18,382,500 in total proceeds.
Before that, Barrysmith Mark sold 1,228 shares. Unity Software Inc shares valued at $30,012 were divested by the SVP, CAO and Interim CFO at a price of $24.44 per share. As a result of the transaction, Barrysmith Mark now holds 453,638 shares, worth roughly $10.93 million.
Wells Fargo initiated its Unity Software Inc [U] rating to an Equal weight in a research note published on October 29, 2024; the price target was $20. A number of analysts have revised their coverage, including Stifel’s analysts, who remained covering the stock and in mid September has reiterated a ‘”a Buy”‘ rating for it. Morgan Stanley also remained covering U and has increased its forecast on September 03, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Piper Sandler revised its rating on February 27, 2024. It rated U as “a Neutral” which previously was an “an Underweight”.
Price Performance Review of U
On Friday, Unity Software Inc [NYSE:U] saw its stock fall -1.71% to $24.09. Over the last five days, the stock has lost -0.33%. Unity Software Inc shares have risen nearly 7.21% since the year began. Nevertheless, the stocks have fallen -34.77% over the past one year. While a 52-week high of $39.29 was reached on 01/02/25, a 52-week low of $13.90 was recorded on 01/02/25. SMA at 50 days reached $22.57, while 200 days put it at $20.57.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 23.34, which if violated will result in even more drops to 22.59. On the upside, there is a resistance level at 24.92. A further resistance level may holdings at 25.75. The Relative Strength Index (RSI) on the 14-day chart is 52.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.81%. Stochastics %K at 41.77% indicates the stock is a holding.
How much short interest is there in Unity Software Inc?
A steep rise in short interest was recorded in Unity Software Inc stocks on 2024-12-13, dropping by -0.26 million shares to a total of 23.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.59 million shares. There was a decline of -1.13%, which implies that there is a negative sentiment for the stock.
