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. UWM Holdings Corporation shares valued at $10,140,000 were sold by Mat Ishbia on Sep 16 ’24. At $8.45 per share, Mat Ishbia sold 1,200,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Mat Ishbia sold 10,842,012 shares, netting a total of over 91,615,001 in proceeds. Following the sale of shares at $8.45 each, the insider now holds 0 shares.
Before that, Mat Ishbia had sold 5,000,000 shares from its account. In a trade valued at $45,550,000, the President and CEO traded UWM Holdings Corporation shares for $9.11 each. Upon closing the transaction, the insider’s holdings decreased to 5,000,000 shares, worth approximately $0.0.
As published in a research note from Keefe Bruyette on March 03, 2025, UWM Holdings Corporation [UWMC] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $7.50 from $6.50. As of October 08, 2024, Barclays has increased its “an Underweight” rating to a “an Equal weight” for UWMC. Earlier on April 09, 2024, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for UWMC stock which previously was a “an Underperform”.
Analyzing UWMC Stock Performance
During the last five days, there has been a surge of approximately 2.47%. Over the course of the year, UWM Holdings Corporation shares have jumped approximately 6.13%. Shares of the company reached a 52-week high of $6.72 on 02/20/25 and a 52-week low of $5.31 on 01/13/25. A 50-day SMA is recorded $6.10, while a 200-day SMA reached $7.15.
Support And Resistance Levels for UWM Holdings Corporation (UWMC)
According to the 24-hour chart, there is a support level at 6.14, which, if violated, would cause prices to drop to 6.05. In the upper region, resistance lies at 6.40. The next price resistance is at 6.56. RSI (Relative Strength Index) is 48.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 53.85%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
