Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Entravision Communications Corporation shares valued at $43,085 were purchased by YOUNG CHRISTOPHER T on May 25. At $4.10 per share, YOUNG CHRISTOPHER T acquired 10,510 shares. The insider’s holdings grew to 465,510 shares worth approximately $1.92 million following the completion of this transaction.
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Also, Saldivar von Wuthenau Juan sold 215,990 shares, netting a total of over 1,002,215 in proceeds. Following the sale of shares at $4.64 each, the insider now holds 654,495 shares.
Before that, Saldivar von Wuthenau Juan had sold 26,600 shares from its account. In a trade valued at $138,708, the Chief Dig Strat & Acctblty Off traded Entravision Communications Corporation shares for $5.21 each. Upon closing the transaction, the insider’s holdings decreased to 26,600 shares, worth approximately $2.17 million.
Analyzing EVC Stock Performance
On Thursday, Entravision Communications Corporation [NYSE: EVC] plunged -4.41% to $4.12. The stock’s lowest price that day was $4.07, but it reached a high of $4.32 in the same session. During the last five days, there has been a drop of approximately -11.59%. Over the course of the year, Entravision Communications Corporation shares have dropped approximately -14.17%. Shares of the company reached a 52-week high of $7.32 on 02/03/23 and a 52-week low of $4.07 on 05/25/23. A 50-day SMA is recorded $5.62, while a 200-day SMA reached $5.44. Nevertheless, trading volume fell to 0.8 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Entravision Communications Corporation (EVC)
According to the 24-hour chart, there is a support level at 4.02, which, if violated, would cause prices to drop to 3.92. In the upper region, resistance lies at 4.27. The next price resistance is at 4.42. RSI (Relative Strength Index) is 20.54 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 96.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Entravision Communications Corporation subject to short interest?
Stocks of Entravision Communications Corporation saw a sharp rise in short interest on May 14, 2023 jumping by 0.11 million shares to 1.14 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 1.03 million shares. A jump of 9.65% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.56.
Which companies own the most shares of Entravision Communications Corporation (EVC)?
According to American Century Investment Manag filings, the company currently owns 10,240,016 shares, which is about 13.55% of the total EVC shares outstanding. The investor’s shares have appreciated by 36,623 from its previous 13-F filing of 10203393.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $30,122,519. Dimensional Fund Advisors LP acquire a 2.90% interest valued at $25.85 million while The Vanguard Group, Inc. sold a -6,668 stake. A total of 2,159,501 shares of Entravision Communications Corporation were sold by Boston Partners Global Investors, during the quarter, and -83,293 were sold by Renaissance Technologies LLC. In its current portfolio, Royce & Associates LP holds 2,263,442 shares valued at $14.15 million.