Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. WideOpenWest Inc shares valued at $4,453 were sold by Elder Teresa L on May 06 ’24. At $5.01 per share, Elder Teresa L sold 889 shares. The insider’s holdings dropped to 1,635,787 shares worth approximately $7.61 million following the completion of this transaction.
Also, Elder Teresa L sold 19,111 shares, netting a total of over 95,628 in proceeds. Following the sale of shares at $5.00 each, the insider now holds 1,636,676 shares.
Before that, Schena Don had sold 10,000 shares from its account. In a trade valued at $50,034, the Chief Customer Exper. Officer traded WideOpenWest Inc shares for $5.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $1.33 million.
As published in a research note from Raymond James on May 08, 2024, WideOpenWest Inc [WOW] has been rated down from an Outperform to a Mkt perform. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in early November. As of April 04, 2023, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for WOW. Earlier on February 24, 2023, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for WOW stock which previously was a “a Strong buy”.
Analyzing WOW Stock Performance
During the last five days, there has been a surge of approximately 28.10%. Over the course of the year, WideOpenWest Inc shares have jumped approximately 14.81%. Shares of the company reached a 52-week high of $5.08 on 05/06/24 and a 52-week low of $2.31 on 03/13/24. A 50-day SMA is recorded $3.61, while a 200-day SMA reached $5.18. Nevertheless, trading volume fell to 1.42 million shares from 1.19 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 4.50, which, if violated, would cause prices to drop to 4.35. In the upper region, resistance lies at 4.78. The next price resistance is at 4.91. RSI (Relative Strength Index) is 72.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 24.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
