Crown Castle Inc’s filing revealed that its Vice President and Controller Collins Robert Sean unloaded Company’s shares for reported $0.37 million on Mar 05 ’24. In the deal valued at $113.49 per share,3,250 shares were sold. As a result of this transaction, Collins Robert Sean now holds 8,275 shares worth roughly $0.79 million.
Then, Collins Robert Sean sold 1,500 shares, generating $171,240 in total proceeds. Upon selling the shares at $114.16, the Vice President and Controller now owns 10,035 shares.
Before that, Stephens Kevin A bought 1,000 shares. Crown Castle Inc shares valued at $117,996 were divested by the Director at a price of $118.00 per share. As a result of the transaction, Stephens Kevin A now holds 15,416 shares, worth roughly $1.47 million.
Argus downgraded its Crown Castle Inc [CCI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in mid January from “an Underperform” to “a Market perform”. HSBC Securities began covering CCI with “Hold” recommendation on December 14, 2023. Wells Fargo revised its rating on December 05, 2023. It rated CCI as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of CCI
On Tuesday, Crown Castle Inc [NYSE:CCI] saw its stock jump 0.41% to $95.47. Over the last five days, the stock has gained 1.61%. Crown Castle Inc shares have fallen nearly -17.12% since the year began. Nevertheless, the stocks have fallen -24.21% over the past one year. While a 52-week high of $128.27 was reached on 01/02/24, a 52-week low of $84.72 was recorded on 04/18/24. SMA at 50 days reached $104.41, while 200 days put it at $104.09. A total of 2.48 million shares were traded, compared to the trading of 3.28 million shares in the previous session.
Levels Of Support And Resistance For CCI Stock
The 24-hour chart illustrates a support level at 94.73, which if violated will result in even more drops to 93.98. On the upside, there is a resistance level at 96.26. A further resistance level may holdings at 97.05. The Relative Strength Index (RSI) on the 14-day chart is 34.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.89%. Stochastics %K at 24.93% indicates the stock is a holding.
