Urban Edge Properties’s filing revealed that its Chairman of the Board and Chie Jeffrey S. Olson acquired Company’s shares for reported $6.32 million on Feb 14 ’25. In the deal valued at $21.07 per share,300,000 shares were bought.
Then, Olson Jeffrey S sold 240,000 shares, generating $5,388,000 in total proceeds. Upon selling the shares at $22.45, the Chairman of the Board & CEO now owns 1,931 shares.
Before that, Jeffrey S. Olson bought 240,000 shares. Urban Edge Properties shares valued at $5,378,400 were divested by the Chairman of the Board and CEO at a price of $22.41 per share.
Morgan Stanley upgraded its Urban Edge Properties [UE] rating to an Equal-weight from a an Underweight in a research note published on December 21, 2023; the price target was increased to $18 from $14. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “an In-line”. Wolfe Research began covering UE with “an Outperform” recommendation on September 23, 2021. Evercore ISI revised its rating on September 20, 2021. It rated UE as “an Outperform” which previously was an “an In-line”.
Price Performance Review of UE
On Friday, Urban Edge Properties [NYSE:UE] saw its stock fall -4.03% to $20.74. Over the last five days, the stock has gained 0.19%. Urban Edge Properties shares have fallen nearly -3.53% since the year began. Nevertheless, the stocks have risen 18.77% over the past one year. While a 52-week high of $23.83 was reached on 02/14/25, a 52-week low of $15.77 was recorded on 01/13/25. SMA at 50 days reached $21.10, while 200 days put it at $20.30.
Levels Of Support And Resistance For UE Stock
The 24-hour chart illustrates a support level at 20.36, which if violated will result in even more drops to 19.97. On the upside, there is a resistance level at 21.43. A further resistance level may holdings at 22.11. The Relative Strength Index (RSI) on the 14-day chart is 50.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.01%. Stochastics %K at 77.36% indicates the stock is a holding.
How much short interest is there in Urban Edge Properties?
A steep rise in short interest was recorded in Urban Edge Properties stocks on 2025-01-31, dropping by 26521.0 shares to a total of 3.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-31 was 3.11 million shares. There was a decline of -0.86%, which implies that there is a negative sentiment for the stock.
