Unusual Machines Inc’s recent filing unveils 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 $3.61 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 $0.81 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 Monday, Unusual Machines Inc [AMEX:UMAC] saw its stock fall -14.92% to $11.06. Over the last five days, the stock has lost -33.69%. Unusual Machines Inc shares have fallen nearly -34.24% since the year began. SMA at 50 days reached $9.02, while 200 days put it at $3.42.
Levels Of Support And Resistance For UMAC Stock
The 24-hour chart illustrates a support level at 10.45, which if violated will result in even more drops to 9.85. On the upside, there is a resistance level at 12.01. A further resistance level may holdings at 12.97. The Relative Strength Index (RSI) on the 14-day chart is 45.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.49%. Stochastics %K at 17.00% indicates the stock is a buying.
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.
