Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Unity Software Inc shares valued at $3,498,340 were sold by Bar-Zeev Tomer on Feb 03 ’25. At $20.99 per share, Bar-Zeev Tomer sold 166,667 shares. The insider’s holdings dropped to 3,481,479 shares worth approximately $73.49 million following the completion of this transaction.
Also, Barrysmith Mark sold 1,362 shares, netting a total of over 29,841 in proceeds. Following the sale of shares at $21.91 each, the insider now holds 452,276 shares.
Before that, Barrysmith Mark had added 1,362 shares to its account. In a trade valued at $29,841, the Officer bought Unity Software Inc shares for $21.91 each.
As published in their initiating research note from Wells Fargo on October 29, 2024, Unity Software Inc [U] has been an Equal weight and the price target has been revised to $20. Analysts at Stifel resumed the stock at ‘”a Buy”‘ outlook in a report released in mid September. As of September 03, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for U. Earlier on February 27, 2024, Piper Sandler upgraded its rating. Their new recommendation was “a Neutral” for U stock which previously was a “an Underweight”.
Analyzing U Stock Performance
During the last five days, there has been a drop of approximately -7.98%. Over the course of the year, Unity Software Inc shares have dropped approximately -6.05%. Shares of the company reached a 52-week high of $26.08 on 01/02/25 and a 52-week low of $20.42 on 01/13/25. A 50-day SMA is recorded $23.48, while a 200-day SMA reached $20.19. Nevertheless, trading volume fell to 5.64 million shares from 4.2 million shares the previous day.
Support And Resistance Levels for Unity Software Inc (U)
According to the 24-hour chart, there is a support level at 20.85, which, if violated, would cause prices to drop to 20.58. In the upper region, resistance lies at 21.46. The next price resistance is at 21.80. RSI (Relative Strength Index) is 41.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 89.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
