Uniti Group Inc’s filing revealed that its SVP-CHIEF REVENUE OFFICER Mudry Ronald J. unloaded Company’s shares for reported $0.11 million on Aug 06 ’24. In the deal valued at $3.94 per share,28,693 shares were sold. As a result of this transaction, Mudry Ronald J. now holds 513,761 shares worth roughly $2.82 million.
Then, THE MUDRY FAM RLT bought 28,693 shares, generating $113,071 in total proceeds.
Raymond James downgraded its Uniti Group Inc [UNIT] rating to an Outperform from a a Strong buy in a research note published on May 06, 2024; the price target was decreased to $6 from $8. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. Citigroup also remained covering UNIT and has increased its forecast on November 16, 2020 with a “Neutral” recommendation from previously “Sell” rating. Wells Fargo revised its rating on August 12, 2020. It rated UNIT as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of UNIT
On Tuesday, Uniti Group Inc [NASDAQ:UNIT] saw its stock jump 2.81% to $5.48. Over the last five days, the stock has lost -0.18%. Uniti Group Inc shares have fallen nearly -0.36% since the year began. Nevertheless, the stocks have fallen -1.97% over the past one year. While a 52-week high of $6.71 was reached on 01/03/25, a 52-week low of $2.57 was recorded on 01/13/25. SMA at 50 days reached $5.69, while 200 days put it at $4.75.
Levels Of Support And Resistance For UNIT Stock
The 24-hour chart illustrates a support level at 5.36, which if violated will result in even more drops to 5.24. On the upside, there is a resistance level at 5.56. A further resistance level may holdings at 5.64. The Relative Strength Index (RSI) on the 14-day chart is 46.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.04%. Stochastics %K at 35.95% indicates the stock is a holding.
How much short interest is there in Uniti Group Inc?
A steep rise in short interest was recorded in Uniti Group Inc stocks on 2024-12-31, growing by 0.18 million shares to a total of 12.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 12.77 million shares. There was a rise of 1.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 15, 2020 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $10 price target.
