In a filing, Universal Stainless & Alloy Products, Inc revealed its Officer Crosby Wendel acquired Company’s shares for reported $1.06 million on Nov 04 ’24. In the deal valued at $44.15 per share,24,047 shares were bought.
Then, Crosby Wendel sold 24,047 shares, generating $1,063,654 in total proceeds. Upon selling the shares at $44.23, the V.P. of Manufacturing now owns 56,647 shares.
KeyBanc Capital Markets upgraded its Universal Stainless & Alloy Products, Inc [USAP] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Sector weight”. KeyBanc Capital Mkts also remained covering USAP and has increased its forecast on January 28, 2019 with a “an Overweight” recommendation from previously “Sector weight” rating. CL King revised its rating on January 25, 2017. It rated USAP as “a Buy” which previously was an “a Neutral”.
Price Performance Review of USAP
On Friday, Universal Stainless & Alloy Products, Inc [NASDAQ:USAP] saw its stock fall -0.18% to $44.45. Over the last five days, the stock has gained 0.25%. Universal Stainless & Alloy Products, Inc shares have risen nearly 0.95% since the year began. Nevertheless, the stocks have risen 143.30% over the past one year. While a 52-week high of $45.30 was reached on 01/15/25, a 52-week low of $17.02 was recorded on 01/02/25. SMA at 50 days reached $44.17, while 200 days put it at $36.71.
Levels Of Support And Resistance For USAP Stock
The 24-hour chart illustrates a support level at 44.36, which if violated will result in even more drops to 44.27. On the upside, there is a resistance level at 44.58. A further resistance level may holdings at 44.71. The Relative Strength Index (RSI) on the 14-day chart is 58.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.99%. Stochastics %K at 76.51% indicates the stock is a holding.
How much short interest is there in Universal Stainless & Alloy Products, Inc?
A steep rise in short interest was recorded in Universal Stainless & Alloy Products, Inc stocks on 2024-12-31, growing by 0.14 million shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.3 million shares. There was a rise of 31.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 11, 2017 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $19 price target.
