In yesterday’s Wall Street session, UWM Holdings Corporation (NYSE:UWMC) shares traded at $6.44, down -2.57% from the previous session.
UWMC stock price is now -20.72% away from the 50-day moving average and -12.78% away from the 200-day moving average. The market capitalization of the company currently stands at $10.29B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $6 to $8, Barclays Upgraded its rating from Underweight to Equal Weight for UWM Holdings Corporation (NYSE: UWMC). On April 09, 2024, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $6, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Mat Ishbia, President and CEO sold 1,200,000 shares of the company’s stock on Sep 16 ’24. The stock was sold for $10,140,000 at an average price of $8.45. Upon completion of the transaction, the President and CEO now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, President and CEO Mat Ishbia sold 10,842,012 shares of the business’s stock. A total of $91,615,001 was realized by selling the stock at an average price of $8.45. A total of 28.17% of the company’s stock is owned by insiders.
During the past 12 months, UWM Holdings Corporation has had a low of $4.81 and a high of $9.74. The fifty day moving average price for UWMC is $8.123 and a two-hundred day moving average price translates $7.38405 for the stock.
The latest earnings results from UWM Holdings Corporation (NYSE: UWMC) was released for 2024-06-30. The net profit margin was 0.13% and return on equity was 2.49% for UWMC. The company reported revenue of $507.09 million for the quarter, compared to $587.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.69 percent.
