In a filing, Urban Edge Properties revealed its Chairman of the Board & CEO Olson Jeffrey S unloaded Company’s shares for reported $3.73 million on Feb 14 ’25. In the deal valued at $20.95 per share,177,802 shares were sold. As a result of this transaction, Olson Jeffrey S now holds 124,129 shares worth roughly $2.29 million.
Then, Olson Jeffrey S sold 122,198 shares, generating $2,509,336 in total proceeds. Upon selling the shares at $20.54, the Chairman of the Board & CEO now owns 1,931 shares.
Before that, Jeffrey S. Olson bought 300,000 shares. Urban Edge Properties shares valued at $6,321,000 were divested by the Chairman of the Board and Chie at a price of $21.07 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 jump 0.60% to $18.45. Over the last five days, the stock has lost -7.52%. Urban Edge Properties shares have fallen nearly -14.19% since the year began. Nevertheless, the stocks have risen 8.57% 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 03/14/25. SMA at 50 days reached $20.27, while 200 days put it at $20.56.
Levels Of Support And Resistance For UE Stock
The 24-hour chart illustrates a support level at 18.14, which if violated will result in even more drops to 17.82. On the upside, there is a resistance level at 18.63. A further resistance level may holdings at 18.80. The Relative Strength Index (RSI) on the 14-day chart is 29.27, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.84%. Stochastics %K at 8.38% indicates the stock is a buying.
How much short interest is there in Urban Edge Properties?
A steep rise in short interest was recorded in Urban Edge Properties stocks on 2025-02-28, dropping by 36515.0 shares to a total of 3.05 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 3.08 million shares. There was a decline of -1.2%, which implies that there is a negative sentiment for the stock.
