Bandwidth Inc’s recently made public that its Chief Financial Officer Raiford Daryl unloaded Company’s shares for reported $0.16 million on Jun 05 ’24. In the deal valued at $20.80 per share,7,600 shares were sold. As a result of this transaction, Raiford Daryl now holds 60,476 shares worth roughly $0.95 million.
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Then, Raiford Daryl sold 13,410 shares, generating $268,349 in total proceeds. Upon selling the shares at $20.01, the Chief Financial Officer now owns 68,076 shares.
Before that, Morken David A. sold 1,290 shares. Bandwidth Inc shares valued at $26,321 were divested by the Chairman & CEO at a price of $20.40 per share. As a result of the transaction, Morken David A. now holds 78,864 shares, worth roughly $1.23 million.
Morgan Stanley downgraded its Bandwidth Inc [BAND] rating to an Underweight from a an Equal-weight in a research note published on June 14, 2024; the price target was decreased to $15 from $18. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “a Neutral”. KeyBanc Capital Markets began covering BAND with “an Overweight” recommendation on September 13, 2022. Robert W. Baird revised its rating on May 16, 2022. It rated BAND as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of BAND
On Friday, Bandwidth Inc [NASDAQ:BAND] saw its stock fall -15.41% to $15.65. Over the last five days, the stock has lost -20.07%. Bandwidth Inc shares have risen nearly 8.15% since the year began. Nevertheless, the stocks have risen 15.41% over the past one year. While a 52-week high of $25.02 was reached on 05/07/24, a 52-week low of $9.34 was recorded on 02/26/24. SMA at 50 days reached $19.55, while 200 days put it at $15.12. A total of 0.9 million shares were traded, compared to the trading of 0.34 million shares in the previous session.
Levels Of Support And Resistance For BAND Stock
The 24-hour chart illustrates a support level at 15.00, which if violated will result in even more drops to 14.36. On the upside, there is a resistance level at 16.77. A further resistance level may holdings at 17.90. The Relative Strength Index (RSI) on the 14-day chart is 24.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.15%. Stochastics %K at 10.33% indicates the stock is a buying.
