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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
UWM Holdings Corp (UWMC)
Industry: Mortgage Finance
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, UWMC has been trading in a range between $8.19 and $6.62 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
UWMC is trading below resistance at $8.19, about 1% to the upside. There is support at $7.19 -11% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
UWM Holdings Corp $UWMC entered a Green zone 13 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $5.89, a potential down side of -27.01% from the recent price of 8.07. The stock is trading 3.35% (potential upside) below its 52 week high of $8.34 and 87.67 % (potential downside) above its 52 week low of $4.30 - based on the recent price.
Company Summary
UWM Holdings Corporation engages in the residential mortgage lending business in the United States The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans.
News
| UWM Holdings Corporation Announces 2Q 2024 Earnings Conference Call PONTIAC, Mich.--(BUSINESS WIRE)-- #UWMC--UWM Holdings Corporation (NYSE:UWMC), the publicly traded indirect parent of United Wholesale Mortgage (UWM), the #1 overall mortgage lender, wholesale and purchase mortgage lender in the U.S., will announce its second quarter 2024 results on Tuesday August 6, 2024. A press release with financial highlights will be available on the company's investor relations website https://investors.uwm.com in the earnings release section. UWM will host a conference call for. Source: Business Wire Tue, 23 Jul 2024 16:01:00 -0400 Sentiment: Neutral |
| UWM Holdings Corporation Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - UWMC NEW YORK, NY / ACCESSWIRE / May 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans. Source: Accesswire Mon, 20 May 2024 07:30:00 -0400 Sentiment: Neutral |
| UWM Holdings Corporation Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - UWMC NEW YORK, NY / ACCESSWIRE / May 17, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans. Source: Accesswire Fri, 17 May 2024 07:25:00 -0400 Sentiment: Neutral |
| ATTENTION UWM Holdings Corporation Investors: You May Have Been Affected by Fraud- Contact Levi & Korsinsky to Discuss Your Rights NEW YORK, NY / ACCESSWIRE / May 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans. Source: Accesswire Thu, 16 May 2024 07:20:00 -0400 Sentiment: Neutral |
| Levi & Korsinsky Reminds UWM Holdings Corporation Investors of the Ongoing Investigation into Potential Violations of Securities Laws - UWMC NEW YORK, NY / ACCESSWIRE / May 15, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of UWM Holdings Corporation ("UWM Holdings Corporation") (NYSE:UWMC) concerning possible violations of federal securities laws. Hunterbrook Media published a report on April 2, 2024, alleging, among other things, that UWM gets almost all its business "from brokers who sent UWM more than 99% of their business" rather than shopping mortgages to competing lenders, causing borrowers to pay UWM "between hundreds of millions and billions more in closing costs than people whose brokers found them typical loans. Source: Accesswire Wed, 15 May 2024 07:25:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 8.34 52 Week Low: 4.3 Beta: 1.68 50 Day MA: 7.3064 200 Day MA: 6.5508 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.164 Qtr Revenue Growth YOY: 0.174 Forward PE: 29.9401 Trailing PE: 99