Urban Outfitters, Inc’s recently made public that its Director CHERKEN HARRY S JR unloaded Company’s shares for reported $0.76 million on Jan 21 ’25. In the deal valued at $50.50 per share,15,000 shares were sold. As a result of this transaction, CHERKEN HARRY S JR now holds 495,296 shares worth roughly $27.38 million.
Then, CHERKEN HARRY S JR sold 55,000 shares, generating $3,152,111 in total proceeds. Upon selling the shares at $57.31, the Director now owns 510,296 shares.
Before that, CHERKEN HARRY S JR bought 70,000 shares. Urban Outfitters, Inc shares valued at $4,035,750 were divested by the Director at a price of $57.65 per share.
Morgan Stanley upgraded its Urban Outfitters, Inc [URBN] rating to an Overweight from a an Equal-weight in a research note published on January 21, 2025; the price target was increased to $63 from $41. A number of analysts have revised their coverage, including Telsey Advisory Group’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Market perform”‘ rating for it. Citigroup also remained covering URBN and has increased its forecast on November 27, 2024 with a “Buy” recommendation from previously “Neutral” rating. Telsey Advisory Group maintained its rating on November 27, 2024. It rated URBN as “a Market perform”.
Price Performance Review of URBN
On Tuesday, Urban Outfitters, Inc [NASDAQ:URBN] saw its stock jump 2.96% to $55.27. Over the last five days, the stock has lost -0.18%. Urban Outfitters, Inc shares have risen nearly 0.71% since the year began. Nevertheless, the stocks have risen 40.07% over the past one year. While a 52-week high of $60.90 was reached on 01/22/25, a 52-week low of $33.86 was recorded on 01/16/25. SMA at 50 days reached $52.87, while 200 days put it at $43.22.
Levels Of Support And Resistance For URBN Stock
The 24-hour chart illustrates a support level at 53.92, which if violated will result in even more drops to 52.57. On the upside, there is a resistance level at 56.25. A further resistance level may holdings at 57.22. The Relative Strength Index (RSI) on the 14-day chart is 50.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.85%. Stochastics %K at 24.19% indicates the stock is a holding.
How much short interest is there in Urban Outfitters, Inc?
A steep rise in short interest was recorded in Urban Outfitters, Inc stocks on 2024-11-15, dropping by -0.11 million shares to a total of 5.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.55 million shares. There was a decline of -2.08%, which implies that there is a negative sentiment for the stock.
