Unity Software Inc’s recently made public 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 $76.25 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 $9.48 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 -8.93% to $20.90. Over the last five days, the stock has lost -14.73%. Unity Software Inc shares have fallen nearly -6.99% since the year began. Nevertheless, the stocks have fallen -41.73% over the past one year. While a 52-week high of $38.85 was reached on 01/02/25, a 52-week low of $13.90 was recorded on 01/10/25. SMA at 50 days reached $22.79, while 200 days put it at $20.49.
Levels Of Support And Resistance For U Stock
The 24-hour chart illustrates a support level at 20.41, which if violated will result in even more drops to 19.93. On the upside, there is a resistance level at 21.86. A further resistance level may holdings at 22.82. The Relative Strength Index (RSI) on the 14-day chart is 39.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.81%. Stochastics %K at 20.46% 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.
