UWM Holdings Corporation’s recently made public that its President and CEO Mat Ishbia unloaded Company’s shares for reported $10.14 million on Sep 16 ’24. In the deal valued at $8.45 per share,1,200,000 shares were sold. As a result of this transaction, Mat Ishbia now holds 0 shares worth roughly $0.0.
Then, Mat Ishbia sold 10,842,012 shares, generating $91,615,001 in total proceeds. Upon selling the shares at $8.45, the President and CEO now owns 0 shares.
Before that, Mat Ishbia sold 5,000,000 shares. UWM Holdings Corporation shares valued at $45,550,000 were divested by the President and CEO at a price of $9.11 per share. As a result of the transaction, Mat Ishbia now holds 0 shares, worth roughly $0.0.
UBS upgraded its UWM Holdings Corporation [UWMC] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early April from “an Equal-weight” to “an Overweight”. Keefe Bruyette also remained covering UWMC and has increased its forecast on March 03, 2025 with a “an Outperform” recommendation from previously “Mkt perform” rating.
Price Performance Review of UWMC
On Monday, UWM Holdings Corporation [NYSE:UWMC] saw its stock jump 0.47% to $4.25. Over the last five days, the stock has lost -10.90%. UWM Holdings Corporation shares have fallen nearly -27.60% since the year began. Nevertheless, the stocks have fallen -40.56% over the past one year. While a 52-week high of $9.74 was reached on 02/20/25, a 52-week low of $4.03 was recorded on 05/06/25. SMA at 50 days reached $5.21, while 200 days put it at $6.65.
Levels Of Support And Resistance For UWMC Stock
The 24-hour chart illustrates a support level at 4.15, which if violated will result in even more drops to 4.04. On the upside, there is a resistance level at 4.37. A further resistance level may holdings at 4.49. The Relative Strength Index (RSI) on the 14-day chart is 37.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.29%. Stochastics %K at 22.41% indicates the stock is a holding.
