Shenandoah Telecommunications Co.’s recently made public that its Executive VP & COO McKay Edward H acquired Company’s shares for reported $0.15 million on May 07 ’24. In the deal valued at $14.95 per share,10,000 shares were bought. As a result of this transaction, McKay Edward H now holds 66,951 shares worth roughly $1.0 million.
Then, MASON RICHARD W JR bought 2,000 shares, generating $29,467 in total proceeds. Upon buying the shares at $14.73, the SVP Engineering & Operations now owns 14,501 shares.
Before that, RIEGER DEREK bought 685 shares. Shenandoah Telecommunications Co. shares valued at $10,028 were divested by the VP Legal/Gen Counsel & Sec at a price of $14.64 per share. As a result of the transaction, RIEGER DEREK now holds 4,321 shares, worth roughly $64382.9.
BWS Financial upgraded its Shenandoah Telecommunications Co. [SHEN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BWS Financial’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. Raymond James also remained covering SHEN and has decreased its forecast on June 28, 2022 with a “Mkt perform” recommendation from previously “Strong buy” rating. Raymond James revised its rating on May 03, 2022. It rated SHEN as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of SHEN
On Tuesday, Shenandoah Telecommunications Co. [NASDAQ:SHEN] saw its stock jump 5.23% to $14.90. Over the last five days, the stock has gained 16.22%. Shenandoah Telecommunications Co. shares have fallen nearly -31.08% since the year began. Nevertheless, the stocks have fallen -23.24% over the past one year. While a 52-week high of $25.51 was reached on 02/21/24, a 52-week low of $11.87 was recorded on 05/03/24. SMA at 50 days reached $16.18, while 200 days put it at $20.09. A total of 0.4 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For SHEN Stock
The 24-hour chart illustrates a support level at 14.34, which if violated will result in even more drops to 13.79. On the upside, there is a resistance level at 15.31. A further resistance level may holdings at 15.73. The Relative Strength Index (RSI) on the 14-day chart is 51.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.18%. Stochastics %K at 71.77% indicates the stock is a holding.
