Analyzing Crown Castle Inc (CCI) After Recent Trading Activity

Crown Castle Inc’s recent filing unveils that its Vice President and Controller Collins Robert Sean unloaded Company’s shares for reported $0.17 million on Dec 14. In the deal valued at $114.16 per share,1,500 shares were sold. As a result of this transaction, Collins Robert Sean now holds 10,035 shares worth roughly $1.06 million.

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Then, Stephens Kevin A bought 1,000 shares, generating $117,996 in total proceeds. Upon buying the shares at $118.00, the Director now owns 15,416 shares.

Before that, Nichol Laura B sold 5,000 shares. Crown Castle Inc shares valued at $604,850 were divested by the EVP – Business Support at a price of $120.97 per share. As a result of the transaction, Nichol Laura B now holds 16,782 shares, worth roughly $1.77 million.

BMO Capital Markets upgraded its Crown Castle Inc [CCI] rating to a Market perform from a an Underperform in a research note published on Tuesday, January 19, 2024; the price target was increased to $110 from $107.

Price Performance Review of CCI

On Tuesday, Crown Castle Inc [NYSE:CCI] saw its stock fall -2.74% to $105.23. Over the last five days, the stock has lost -2.26%. Crown Castle Inc shares have fallen nearly -8.65% since the year began. Nevertheless, the stocks have fallen -25.63% over the past one year. While a 52-week high of $142.85 was reached on 01/02/24, a 52-week low of $84.72 was recorded on 02/13/24. SMA at 50 days reached $112.15, while 200 days put it at $106.57. A total of 2.99 million shares were traded, compared to the trading of 1.86 million shares in the previous session.

Levels Of Support And Resistance For CCI Stock

The 24-hour chart illustrates a support level at 103.78, which if violated will result in even more drops to 102.34. On the upside, there is a resistance level at 106.29. A further resistance level may holdings at 107.36. The Relative Strength Index (RSI) on the 14-day chart is 40.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.45%. Stochastics %K at 43.70% indicates the stock is a holding.

How much short interest is there in Crown Castle Inc?

A steep rise in short interest was recorded in Crown Castle Inc stocks on Jan 31, 2024, growing by 0.95 million shares to a total of 4.28 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.33 million shares. There was a rise of 22.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.14% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.48.

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