The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Urban Edge Properties shares valued at $6,321,000 were purchased by Jeffrey S. Olson on Feb 14 ’25. At $21.07 per share, Jeffrey S. Olson acquired 300,000 shares.
Also, Olson Jeffrey S sold 240,000 shares, netting a total of over 5,388,000 in proceeds. Following the sale of shares at $22.45 each, the insider now holds 1,931 shares.
Before that, Jeffrey S. Olson had added 240,000 shares to its account. In a trade valued at $5,378,400, the Chairman of the Board and CEO bought Urban Edge Properties shares for $22.41 each.
As published in a research note from Morgan Stanley on December 21, 2023, Urban Edge Properties [UE] has been rated up from an Underweight to an Equal-weight and the price target has been revised to $18 from $14. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late November. As of September 23, 2021, Wolfe Research has initiated its “an Outperform” rating for UE. Earlier on September 20, 2021, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for UE stock which previously was a “an In-line”.
Analyzing UE Stock Performance
During the last five days, there has been a surge of approximately 5.67%. Over the course of the year, Urban Edge Properties shares have jumped approximately 0.51%. Shares of the company reached a 52-week high of $21.65 on 02/13/25 and a 52-week low of $19.55 on 01/13/25. A 50-day SMA is recorded $21.14, while a 200-day SMA reached $20.28. Nevertheless, trading volume fell to 0.93 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Urban Edge Properties (UE)
According to the 24-hour chart, there is a support level at 21.10, which, if violated, would cause prices to drop to 20.58. In the upper region, resistance lies at 21.89. The next price resistance is at 22.16. RSI (Relative Strength Index) is 62.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 2.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
