Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EchoStar Corp shares valued at $1,482,800 were purchased by DEFRANCO JAMES on Mar 08 ’24. At $13.48 per share, DEFRANCO JAMES acquired 110,000 shares. The insider’s holdings grew to 306,951 shares worth approximately $4.87 million following the completion of this transaction.
Also, DEFRANCO JAMES purchased 20,000 shares, netting a total of over 268,800 in proceeds. Following the buying of shares at $13.44 each, the insider now holds 196,951 shares.
Before that, DEFRANCO JAMES had added 70,000 shares to its account. In a trade valued at $919,800, the Director bought EchoStar Corp shares for $13.14 each. Upon closing the transaction, the insider’s holdings increased to 70,000 shares, worth approximately $2.81 million.
As published in their initiating research note from JP Morgan on January 17, 2024, EchoStar Corp [SATS] has been a Neutral and the price target has been revised to $18. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early August. As of November 04, 2022, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for SATS. Earlier on October 04, 2019, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for SATS stock which previously was a “a Buy”.
Analyzing SATS Stock Performance
During the last five days, there has been a surge of approximately 13.35%. Over the course of the year, EchoStar Corp shares have dropped approximately -4.16%. Shares of the company reached a 52-week high of $18.20 on 01/16/24 and a 52-week low of $11.83 on 03/01/24. A 50-day SMA is recorded $13.74, while a 200-day SMA reached $15.09. Nevertheless, trading volume fell to 1.02 million shares from 1.5 million shares the previous day.
Support And Resistance Levels for EchoStar Corp (SATS)
According to the 24-hour chart, there is a support level at 15.31, which, if violated, would cause prices to drop to 14.73. In the upper region, resistance lies at 16.21. The next price resistance is at 16.54. RSI (Relative Strength Index) is 66.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 2.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
