Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. E.W. Scripps Co. shares valued at $9,568 were purchased by Scagliotti R. Michael on Mar 13 ’24. At $4.16 per share, Scagliotti R. Michael acquired 2,300 shares. The insider’s holdings grew to 41,747 shares worth approximately $0.16 million following the completion of this transaction.
Also, Barmonde Charles L. purchased 10,500 shares, netting a total of over 44,970 in proceeds. Following the buying of shares at $4.28 each, the insider now holds 642,401 shares.
Before that, Scripps John Patrick had added 2,100 shares to its account. In a trade valued at $9,460, the 10% Owner bought E.W. Scripps Co. shares for $4.50 each. Upon closing the transaction, the insider’s holdings increased to 2,100 shares, worth approximately $12329.16.
As published in a research note from Wells Fargo on November 09, 2022, E.W. Scripps Co. [SSP] has been rated down from an Overweight to an Equal weight and the price target has been revised to $11 from $20. As of November 11, 2019, The Benchmark Company has reiterated its “Buy” rating for SSP. Earlier on March 04, 2019, The Benchmark Company resumed its rating. Their recommendation was “a Buy” for SSP stock.
Analyzing SSP Stock Performance
During the last five days, there has been a surge of approximately 15.48%. Over the course of the year, E.W. Scripps Co. shares have dropped approximately -52.38%. Shares of the company reached a 52-week high of $9.35 on 01/26/24 and a 52-week low of $2.93 on 04/16/24. A 50-day SMA is recorded $4.10, while a 200-day SMA reached $6.65. Nevertheless, trading volume fell to 1.18 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for E.W. Scripps Co. (SSP)
According to the 24-hour chart, there is a support level at 3.69, which, if violated, would cause prices to drop to 3.57. In the upper region, resistance lies at 3.89. The next price resistance is at 3.98. RSI (Relative Strength Index) is 51.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.32, which suggests the price will decrease in the coming days. Percent R is at 9.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
