United Parcel Service, Inc’s filing revealed that its President, US Operations Cesarone Nando unloaded Company’s shares for reported $1.37 million on Nov 25 ’24. In the deal valued at $137.10 per share,10,000 shares were sold. As a result of this transaction, Cesarone Nando now holds 36,769 shares worth roughly $4.63 million.
Then, Brothers Norman M. Jr sold 7,325 shares, generating $1,015,009 in total proceeds. Upon selling the shares at $138.57, the Chief Legal & Compliance Off now owns 0 shares.
Before that, Brothers Norman M. Jr bought 7,325 shares. United Parcel Service, Inc shares valued at $1,015,010 were divested by the Officer at a price of $138.57 per share.
Wolfe Research upgraded its United Parcel Service, Inc [UPS] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in early December from “a Market perform” to “an Outperform”. Argus also remained covering UPS and has increased its forecast on November 05, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on October 21, 2024. It rated UPS as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of UPS
On Tuesday, United Parcel Service, Inc [NYSE:UPS] saw its stock jump 0.66% to $125.84. Over the last five days, the stock has gained 1.31%. United Parcel Service, Inc shares have fallen nearly -0.21% since the year began. Nevertheless, the stocks have fallen -20.98% over the past one year. While a 52-week high of $161.35 was reached on 01/02/25, a 52-week low of $121.56 was recorded on 01/13/25. SMA at 50 days reached $129.62, while 200 days put it at $134.96.
Levels Of Support And Resistance For UPS Stock
The 24-hour chart illustrates a support level at 124.96, which if violated will result in even more drops to 124.07. On the upside, there is a resistance level at 126.33. A further resistance level may holdings at 126.81. The Relative Strength Index (RSI) on the 14-day chart is 47.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.40%. Stochastics %K at 53.64% indicates the stock is a holding.
How much short interest is there in United Parcel Service, Inc?
A steep rise in short interest was recorded in United Parcel Service, Inc stocks on 2024-12-31, dropping by -2.08 million shares to a total of 11.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.0 million shares. There was a decline of -17.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $162 price target.
