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. Unusual Machines Inc shares valued at $506,116 were sold by Thompson Jeffrey M on Dec 03 ’24. At $12.65 per share, Thompson Jeffrey M sold 40,000 shares. The insider’s holdings dropped to 325,984 shares worth approximately $4.04 million following the completion of this transaction.
Also, Jeffrey Murray Thompson purchased 40,000 shares, netting a total of over 602,800 in proceeds.
Before that, Lowry Robert Paul had added 32,895 shares to its account. In a trade valued at $50,000, the Director bought Unusual Machines Inc shares for $1.52 each. Upon closing the transaction, the insider’s holdings increased to 32,895 shares, worth approximately $0.91 million.
As published in their initiating research note from Maxim Group on December 18, 2024, Unusual Machines Inc [UMAC] has been a Buy and the price target has been revised to $18.
Analyzing UMAC Stock Performance
During the last five days, there has been a drop of approximately -26.40%. Over the course of the year, Unusual Machines Inc shares have dropped approximately -26.40%. A 50-day SMA is recorded $8.60, while a 200-day SMA reached $3.32. Nevertheless, trading volume fell to 2.42 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for Unusual Machines Inc (UMAC)
According to the 24-hour chart, there is a support level at 11.50, which, if violated, would cause prices to drop to 10.63. In the upper region, resistance lies at 13.60. The next price resistance is at 14.83. RSI (Relative Strength Index) is 49.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 80.96%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
