---
title: "What's Going On With Unity Software Stock?"
description: "Unity Software Inc. (NYSE: U) shares are trading higher, adding to gains of over 40% in the past month. The stock's recent growth can be attributed to a broad market rally following the Federal Reserv"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/105776084.md"
published_at: "2024-01-10T20:01:32.000Z"
---

# What's Going On With Unity Software Stock?

> Unity Software Inc. (NYSE: U) shares are trading higher, adding to gains of over 40% in the past month. The stock's recent growth can be attributed to a broad market rally following the Federal Reserve's decision to leave interest rates unchanged. Additionally, Unity announced a strategic "reset" plan in November, which included a workforce reduction and office closures. HSBC analyst Mohammed Khallouf initiated coverage on Unity Software with a Hold rating and a price target of $37. As of Tuesday afternoon, Unity Software shares were up 7.87% at $42.30.

**Unity Software Inc.** (NYSE:U) shares are trading higher on Wednesday. The stock has been volatile since the company on Monday disclosed plans to reduce approximately 1,800 employee roles, representing approximately 25% of its current workforce.  

**What To Know:**

The decision was related to the company's strategy to restructure and refocus on its core business, as well as to position itself for sustained and profitable growth.

While shares initially rose on the announcement, the stock quickly turned lower on Tuesday. However, shares bounced back on Wednesday by over 8%, trading on above-average volume of 18.81 million shares compared to its average volume of 12.37 million.

Prior to the recent volatility in the stock's price action, shares slid in early January on the heels of their December rally.

*Related Link: Why Pharma Company Amarin Shares Are Zooming Today*

**U Price Action:** Shares of U were up 6.53% at $38.21 at the time of publication, according to Benzinga Pro.

*Image by Innova Labs from Pixabay*

**

### Related Stocks

- [U.US - Unity Software](https://longbridge.com/en/quote/U.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Why Unity Software (U) Stock Could Be Due for a Big Earnings Surprise | Why Unity Software (U) Stock Could Be Due for a Big Earnings Surprise | [Link](https://longbridge.com/en/news/272848182.md) |
| Unity Software Stock: A Deep Dive Into Analyst Perspectives (17 Ratings) | Unity Software (NYSE: U) has received evaluations from 17 analysts over the past three months, showing a mix of bullish  | [Link](https://longbridge.com/en/news/272868447.md) |
| This Unity Software Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday | Top Wall Street analysts have initiated coverage on several companies. B. Riley Securities' Rohit Seth rated Vulcan Mate | [Link](https://longbridge.com/en/news/272839105.md) |
| Unity Software Inc. $U Stock Position Boosted by Broad Peak Investment Advisers Pte Ltd | Broad Peak Investment Advisers Pte Ltd increased its stake in Unity Software Inc. (NYSE:U) by 43.6% in Q3, now holding 2 | [Link](https://longbridge.com/en/news/272238236.md) |
| After a 100% Rally, Can Unity Software Stock (U) Deliver More Gains in 2026? | Unity Software's stock (U) has surged over 100% this year, reaching around $45 per share. Analysts predict a moderate ga | [Link](https://longbridge.com/en/news/271137185.md) |

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.