Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Shenandoah Telecommunications Co. shares valued at $78,950 were purchased by FRENCH CHRISTOPHER E on Jun 14 ’24. At $15.79 per share, FRENCH CHRISTOPHER E acquired 5,000 shares. The insider’s holdings grew to 84,629 shares worth approximately $1.42 million following the completion of this transaction.
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Also, FRENCH CHRISTOPHER E purchased 10,000 shares, netting a total of over 161,850 in proceeds. Following the buying of shares at $16.18 each, the insider now holds 79,629 shares.
Before that, FRENCH CHRISTOPHER E had added 5,000 shares to its account. In a trade valued at $82,950, the President & CEO bought Shenandoah Telecommunications Co. shares for $16.59 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $5.47 million.
As published in a research note from BWS Financial on March 04, 2024, Shenandoah Telecommunications Co. [SHEN] has been rated up from a Neutral to a Buy and the price target has been revised to $26. Analysts at BWS Financial upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of June 28, 2022, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for SHEN. Earlier on May 03, 2022, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for SHEN stock which previously was a “an Outperform”.
Analyzing SHEN Stock Performance
During the last five days, there has been a surge of approximately 7.13%. Over the course of the year, Shenandoah Telecommunications Co. shares have dropped approximately -22.16%. Shares of the company reached a 52-week high of $22.27 on 02/21/24 and a 52-week low of $11.87 on 05/03/24. A 50-day SMA is recorded $16.39, while a 200-day SMA reached $19.33. Nevertheless, trading volume fell to 93487.0 shares from 0.19 million shares the previous day.
Support And Resistance Levels for Shenandoah Telecommunications Co. (SHEN)
According to the 24-hour chart, there is a support level at 16.59, which, if violated, would cause prices to drop to 16.35. In the upper region, resistance lies at 17.11. The next price resistance is at 17.40. RSI (Relative Strength Index) is 52.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.70, which suggests the price will decrease in the coming days. Percent R is at 22.77%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
