The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. WideOpenWest Inc shares valued at $30,000 were sold by Hryckiewicz Henry on Nov 03 ’23. At $7.50 per share, Hryckiewicz Henry sold 4,000 shares. The insider’s holdings dropped to 189,151 shares worth approximately $0.69 million following the completion of this transaction.
Also, Hryckiewicz Henry sold 4,000 shares, netting a total of over 30,157 in proceeds. Following the sale of shares at $7.54 each, the insider now holds 193,151 shares.
Before that, Hryckiewicz Henry had sold 4,000 shares from its account. In a trade valued at $32,194, the Chief Technology Officer traded WideOpenWest Inc shares for $8.05 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $0.72 million.
As published in a research note from KeyBanc Capital Markets on November 09, 2023, WideOpenWest Inc [WOW] has been rated down from an Overweight to a Sector weight. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of February 24, 2023, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for WOW. Earlier on November 03, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for WOW stock which previously was a “an Overweight”.
Analyzing WOW Stock Performance
Over the course of the year, WideOpenWest Inc shares have dropped approximately -9.63%. Shares of the company reached a 52-week high of $4.30 on 02/26/24 and a 52-week low of $2.31 on 03/13/24. A 50-day SMA is recorded $3.57, while a 200-day SMA reached $5.61. Nevertheless, trading volume fell to 0.57 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for WideOpenWest Inc (WOW)
According to the 24-hour chart, there is a support level at 3.58, which, if violated, would cause prices to drop to 3.50. In the upper region, resistance lies at 3.79. The next price resistance is at 3.92. RSI (Relative Strength Index) is 53.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 37.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is WideOpenWest Inc subject to short interest?
Stocks of WideOpenWest Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.24 million shares to 1.85 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.61 million shares. A jump of 12.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.88 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.88.
