Cable One Inc’s recent filing unveils that its Director WEITZ WALLACE R acquired Company’s shares for reported $0.37 million on May 21 ’24. In the deal valued at $369.98 per share,1,000 shares were bought. As a result of this transaction, WEITZ WALLACE R now holds 4,565 shares worth roughly $1.63 million.
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Then, Boone Christopher D sold 204 shares, generating $93,840 in total proceeds. Upon selling the shares at $460.00, the insider now owns 1,854 shares.
MoffettNathanson upgraded its Cable One Inc [CABO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early December with a ‘”an Underperform”‘ rating. Wells Fargo also remained covering CABO and has decreased its forecast on February 21, 2023 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on September 12, 2022. It rated CABO as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CABO
On Tuesday, Cable One Inc [NYSE:CABO] saw its stock fall -1.67% to $356.39. Over the last five days, the stock has lost -3.23%. Cable One Inc shares have fallen nearly -35.97% since the year began. Nevertheless, the stocks have fallen -47.25% over the past one year. While a 52-week high of $749.00 was reached on 01/10/24, a 52-week low of $332.94 was recorded on 05/24/24. SMA at 50 days reached $383.17, while 200 days put it at $500.49. A total of 90549.0 shares were traded, compared to the trading of 69200.0 shares in the previous session.
Levels Of Support And Resistance For CABO Stock
The 24-hour chart illustrates a support level at 352.12, which if violated will result in even more drops to 347.86. On the upside, there is a resistance level at 364.43. A further resistance level may holdings at 372.48. The Relative Strength Index (RSI) on the 14-day chart is 39.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.29%. Stochastics %K at 16.88% indicates the stock is a buying.
