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Shenandoah Telecommunications Co. [SHEN] Investment Guide: What You Need to Know


In a filing, Shenandoah Telecommunications Co. revealed its President & CEO FRENCH CHRISTOPHER E acquired Company’s shares for reported $78950.0 on Jun 14 ’24. In the deal valued at $15.79 per share,5,000 shares were bought. As a result of this transaction, FRENCH CHRISTOPHER E now holds 84,629 shares worth roughly $1.35 million.

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Then, FRENCH CHRISTOPHER E bought 10,000 shares, generating $161,850 in total proceeds. Upon buying the shares at $16.18, the President & CEO now owns 79,629 shares.

Before that, FRENCH CHRISTOPHER E bought 5,000 shares. Shenandoah Telecommunications Co. shares valued at $82,950 were divested by the President & CEO at a price of $16.59 per share. As a result of the transaction, FRENCH CHRISTOPHER E now holds 324,750 shares, worth roughly $5.17 million.

BWS Financial upgraded its Shenandoah Telecommunications Co. [SHEN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BWS Financial’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. Raymond James also remained covering SHEN and has decreased its forecast on June 28, 2022 with a “Mkt perform” recommendation from previously “Strong buy” rating. Raymond James revised its rating on May 03, 2022. It rated SHEN as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of SHEN

On Friday, Shenandoah Telecommunications Co. [NASDAQ:SHEN] saw its stock jump 1.01% to $15.93. Over the last five days, the stock has lost -1.48%. Shenandoah Telecommunications Co. shares have fallen nearly -26.32% since the year began. Nevertheless, the stocks have fallen -19.18% over the past one year. While a 52-week high of $25.51 was reached on 02/21/24, a 52-week low of $11.87 was recorded on 05/03/24. SMA at 50 days reached $16.13, while 200 days put it at $19.50. A total of 0.82 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For SHEN Stock

The 24-hour chart illustrates a support level at 15.68, which if violated will result in even more drops to 15.43. On the upside, there is a resistance level at 16.18. A further resistance level may holdings at 16.43. The Relative Strength Index (RSI) on the 14-day chart is 40.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.39%. Stochastics %K at 14.27% indicates the stock is a buying.

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