In a filing, Bandwidth Inc revealed its Director Roush Lukas M. acquired Company’s shares for reported $80000.0 on Jun 14 ’24. In the deal valued at $16.12 per share,4,963 shares were bought. As a result of this transaction, Roush Lukas M. now holds 43,167 shares worth roughly $0.67 million.
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Then, Raiford Daryl sold 7,600 shares, generating $158,080 in total proceeds. Upon selling the shares at $20.80, the Chief Financial Officer now owns 60,476 shares.
Before that, Raiford Daryl sold 13,410 shares. Bandwidth Inc shares valued at $268,349 were divested by the Chief Financial Officer at a price of $20.01 per share. As a result of the transaction, Raiford Daryl now holds 68,076 shares, worth roughly $1.06 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 Tuesday, Bandwidth Inc [NASDAQ:BAND] saw its stock fall -0.58% to $15.56. Over the last five days, the stock has lost -0.13%. Bandwidth Inc shares have risen nearly 7.53% since the year began. Nevertheless, the stocks have risen 22.91% 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 $19.30, while 200 days put it at $15.16. A total of 0.23 million shares were traded, compared to the trading of 0.96 million shares in the previous session.
Levels Of Support And Resistance For BAND Stock
The 24-hour chart illustrates a support level at 15.34, which if violated will result in even more drops to 15.12. On the upside, there is a resistance level at 15.76. A further resistance level may holdings at 15.96. The Relative Strength Index (RSI) on the 14-day chart is 27.95, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.50%. Stochastics %K at 9.95% indicates the stock is a buying.
