Investing in Spok Holdings Inc. (SPOK) Is Getting More Attractive


Spok Holdings Inc.’s recently made public that its Chief Financial Officer & CAO Rice Calvin acquired Company’s shares for reported $4998.0 on Jun 01. In the deal valued at $11.90 per share,420 shares were bought. As a result of this transaction, Rice Calvin now holds 20,035 shares worth roughly $ 0.29 million.

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Then, Stein Todd J bought 9,567 shares, generating $92,178 in total proceeds. Upon buying the shares at $9.63, the Director now owns 844,735 shares.

Before that, Rice Calvin bought 1,000 shares. Spok Holdings Inc. shares valued at $9,665 were divested by the Chief Financial Officer & CAO at a price of $9.66 per share. As a result of the transaction, Rice Calvin now holds 19,615 shares, worth roughly $0.28 million.

PT values the company’s stock at a premium of 4.73 to its Friday closing price.

Price Performance Review of SPOK

On Friday, Spok Holdings Inc. [NASDAQ:SPOK] saw its stock jump 0.35% to $14.29. On the same session, the stock had its day’s lowest price of $14.16, but rose to a high of $14.46. Over the last five days, the stock has gained 3.63%. Spok Holdings Inc. shares have risen nearly 74.48% since the year began. Nevertheless, the stocks have risen 98.47% over the past one year. While a 52-week high of $15.10 was reached on 07/31/23, a 52-week low of $7.05 was recorded on 02/07/23. SMA at 50 days reached $12.95, while 200 days put it at $10.86. A total of 0.11 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For SPOK Stock

The 24-hour chart illustrates a support level at 14.15, which if violated will result in even more drops to 14.00. On the upside, there is a resistance level at 14.45. A further resistance level may holdings at 14.60. The Relative Strength Index (RSI) on the 14-day chart is 59.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.05%. Stochastics %K at 79.11% indicates the stock is a holding.

How much short interest is there in Spok Holdings Inc.?

A steep rise in short interest was recorded in Spok Holdings Inc. stocks on Aug 14, 2023, dropping by 45930.0 shares to a total of 0.42 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.47 million shares. There was a decline of -10.89%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.58.

Spok Holdings Inc. [SPOK] – Who Are The Largest Shareholders?

In filings from Braeside Investments LLC, it is revealed that the company now owns 1,814,762 shares, or roughly 9.09% of the outstanding SPOK shares. In other words, the investor’s shares have risen by 29,951 from its previous 13-F filing of 1784811.0. Additionally, Renaissance Technologies LLC decreased -1.41% of its stake after which the total value it holdings stand at $17,576,123, while BlackRock Fund Advisors added 180.65% of its stake to hold $16.69 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 69,752 shares of Spok Holdings Inc., while Dimensional Fund Advisors LP bought -42,935 shares. At present, HighTower Advisors LLC is holding 554,227 shares valued at $8.12 million. Foundry Partners LLC owned 453,920 shares of the company at the time of its most recent 13F filing, worth $6.65 million.

According to FactSet, Spok Holdings Inc.’s share price will average $15.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.85 percent from its previous closing price of $14.24. Analysts expect Spok Holdings Inc. stock to reach the higher price of $15.50, while the lowest price estimate is $15.50. However, 1 analyst have rated SPOK stock as a Buy in their predictions for 2023.


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