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Understanding the Risks of Investing in E.W. Scripps Co. (SSP)

E.W. Scripps Co.’s recent filing unveils that its 10% Owner Scagliotti R. Michael acquired Company’s shares for reported $9568.0 on Mar 13 ’24. In the deal valued at $4.16 per share,2,300 shares were bought. As a result of this transaction, Scagliotti R. Michael now holds 41,747 shares worth roughly $0.16 million.

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Then, Barmonde Charles L. bought 10,500 shares, generating $44,970 in total proceeds. Upon buying the shares at $4.28, the Director now owns 642,401 shares.

Before that, Scripps John Patrick bought 2,100 shares. E.W. Scripps Co. shares valued at $9,460 were divested by the 10% Owner at a price of $4.50 per share. As a result of the transaction, Scripps John Patrick now holds 3,236 shares, worth roughly $12232.08.

Wells Fargo downgraded its E.W. Scripps Co. [SSP] rating to an Equal weight from a an Overweight in a research note published on November 09, 2022; the price target was decreased to $11 from $20. The Benchmark Company also remained covering SSP and reiterated its “Buy” recommendation on November 11, 2019. The Benchmark Company maintained its rating on March 04, 2019. It rated SSP as “a Buy”.

Price Performance Review of SSP

On Monday, E.W. Scripps Co. [NASDAQ:SSP] saw its stock jump 4.72% to $3.78. Over the last five days, the stock has lost -15.07%. E.W. Scripps Co. shares have fallen nearly -52.75% since the year began. Nevertheless, the stocks have fallen -50.13% over the past one year. While a 52-week high of $11.02 was reached on 01/26/24, a 52-week low of $2.93 was recorded on 04/16/24. SMA at 50 days reached $3.81, while 200 days put it at $6.27. A total of 1.7 million shares were traded, compared to the trading of 2.21 million shares in the previous session.

Levels Of Support And Resistance For SSP Stock

The 24-hour chart illustrates a support level at 3.53, which if violated will result in even more drops to 3.29. On the upside, there is a resistance level at 4.07. A further resistance level may holdings at 4.36. The Relative Strength Index (RSI) on the 14-day chart is 47.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.84%. Stochastics %K at 45.38% indicates the stock is a holding.

The most recent change occurred on November 27, 2018 when Gabelli & Co began covering the stock and recommended ‘”a Buy”‘ rating.

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