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Argus downgrades Crown Castle Inc (CCI) rating to a Hold

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Crown Castle Inc’s filing revealed that its Director Genrich Jason acquired Company’s shares for reported $1857.0 on Apr 02 ’24. In the deal valued at $103.17 per share,18 shares were bought. As a result of this transaction, Genrich Jason now holds 3,041 shares worth roughly $0.29 million.

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Then, Collins Robert Sean sold 3,250 shares, generating $368,842 in total proceeds. Upon selling the shares at $113.49, the Vice President and Controller now owns 8,275 shares.

Before that, Genrich Jason bought 99 shares. Crown Castle Inc shares valued at $10,823 were divested by the Director at a price of $109.32 per share. As a result of the transaction, Genrich Jason now holds 3,023 shares, worth roughly $0.29 million.

Argus downgraded its Crown Castle Inc [CCI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in mid January from “an Underperform” to “a Market perform”. HSBC Securities began covering CCI with “Hold” recommendation on December 14, 2023. Wells Fargo revised its rating on December 05, 2023. It rated CCI as “an Equal weight” which previously was an “an Underweight”.

Price Performance Review of CCI

On Tuesday, Crown Castle Inc [NYSE:CCI] saw its stock fall -0.72% to $95.29. Over the last five days, the stock has lost -0.38%. Crown Castle Inc shares have fallen nearly -17.28% since the year began. Nevertheless, the stocks have fallen -16.37% over the past one year. While a 52-week high of $119.50 was reached on 01/02/24, a 52-week low of $84.72 was recorded on 04/18/24. SMA at 50 days reached $98.37, while 200 days put it at $102.58. A total of 2.03 million shares were traded, compared to the trading of 2.23 million shares in the previous session.

Levels Of Support And Resistance For CCI Stock

The 24-hour chart illustrates a support level at 94.69, which if violated will result in even more drops to 94.09. On the upside, there is a resistance level at 96.22. A further resistance level may holdings at 97.15. The Relative Strength Index (RSI) on the 14-day chart is 39.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.66%. Stochastics%K at 21.11% indicates the stock is a holding.

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