Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Upbound Group Inc shares valued at $33,245 were purchased by BROWN JEFFREY J on Jan 07 ’25. At $29.01 per share, BROWN JEFFREY J acquired 1,146 shares. The insider’s holdings grew to 86,380 shares worth approximately $2.11 million following the completion of this transaction.
Also, BROWN JEFFREY J purchased 1,065 shares, netting a total of over 31,151 in proceeds. Following the buying of shares at $29.25 each, the insider now holds 85,234 shares.
Before that, Taylor Transient C had sold 15,127 shares from its account. In a trade valued at $514,318, the EVP, CHRO traded Upbound Group Inc shares for $34.00 each. Upon closing the transaction, the insider’s holdings decreased to 15,127 shares, worth approximately $0.36 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of March 08, 2024, TD Cowen has initiated its “an Outperform” rating for UPBD. Earlier on January 02, 2024, Stephens upgraded its rating. Their new recommendation was “an Overweight” for UPBD stock which previously was a “an Equal-weight”.
Analyzing UPBD Stock Performance
During the last five days, there has been a drop of approximately -10.07%. Over the course of the year, Upbound Group Inc shares have dropped approximately -16.15%. Shares of the company reached a 52-week high of $30.62 on 02/06/25 and a 52-week low of $24.15 on 03/05/25. A 50-day SMA is recorded $28.80, while a 200-day SMA reached $31.01.
Support And Resistance Levels for Upbound Group Inc (UPBD)
According to the 24-hour chart, there is a support level at 24.09, which, if violated, would cause prices to drop to 23.72. In the upper region, resistance lies at 24.89. The next price resistance is at 25.32. RSI (Relative Strength Index) is 25.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.49, which suggests the price will decrease in the coming days. Percent R is at 94.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
