Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crown Castle Inc shares valued at $1,857 were purchased by Genrich Jason on Apr 02 ’24. At $103.17 per share, Genrich Jason acquired 18 shares. The insider’s holdings grew to 3,041 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Collins Robert Sean sold 3,250 shares, netting a total of over 368,842 in proceeds. Following the sale of shares at $113.49 each, the insider now holds 8,275 shares.
Before that, Genrich Jason had added 99 shares to its account. In a trade valued at $10,823, the Director bought Crown Castle Inc shares for $109.32 each. Upon closing the transaction, the insider’s holdings increased to 99 shares, worth approximately $0.3 million.
As published in a research note from Argus on April 19, 2024, Crown Castle Inc [CCI] has been rated down from a Buy to a Hold. Analysts at BMO Capital Markets upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid January. As of December 14, 2023, HSBC Securities has initiated its “Hold” rating for CCI. Earlier on December 05, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for CCI stock which previously was a “an Underweight”.
Analyzing CCI Stock Performance
During the last five days, there has been a drop of approximately -1.78%. Over the course of the year, Crown Castle Inc shares have dropped approximately -13.33%. Shares of the company reached a 52-week high of $117.03 on 01/02/24 and a 52-week low of $92.48 on 04/18/24. A 50-day SMA is recorded $98.55, while a 200-day SMA reached $102.75. Nevertheless, trading volume fell to 3.2 million shares from 2.3 million shares the previous day.
Support And Resistance Levels for Crown Castle Inc (CCI)
According to the 24-hour chart, there is a support level at 98.92, which, if violated, would cause prices to drop to 98.01. In the upper region, resistance lies at 100.72. The next price resistance is at 101.61. RSI (Relative Strength Index) is 48.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 59.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
