Stocks of UWM Holdings Corporation (NYSE:UWMC) traded higher last session on Wall Street, down -7.09% to $6.16.
UWMC stock price is now -21.31% away from the 50-day moving average and -16.58% away from the 200-day moving average. The market capitalization of the company currently stands at $9.84B.
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On October 08, 2024, Barclays Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock increasing its target price from $6 to quote $8, while ‘Keefe Bruyette’ rates the stock as ‘Mkt Perform’
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 46.48% of the company’s stock is owned by insiders.
During the past 12 months, UWM Holdings Corporation has had a low of $5.01 and a high of $9.74. The fifty day moving average price for UWMC is $7.8882 and a two-hundred day moving average price translates $7.38545 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.
