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Entravision Communications Corp. [NYSE: EVC] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Entravision Communications Corp. shares valued at $6,799 were purchased by Meyer Karl Alonso on Mar 15 ’24. At $1.36 per share, Meyer Karl Alonso acquired 5,000 shares. The insider’s holdings grew to 633,914 shares worth approximately $1.26 million following the completion of this transaction.

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Also, Christenson Michael J purchased 100,000 shares, netting a total of over 167,250 in proceeds. Following the buying of shares at $1.67 each, the insider now holds 1,402,170 shares.

Before that, Christenson Michael J had added 100,000 shares to its account. In a trade valued at $385,000, the Chief Executive Officer bought Entravision Communications Corp. shares for $3.85 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $2.58 million.

As published in a research note from Noble Financial on March 15, 2018, Entravision Communications Corp. [EVC] has been rated down from a Buy to a Hold. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of October 12, 2015, Wedbush has increased its “Neutral” rating to a “an Outperform” for EVC. Earlier on January 08, 2015, Noble Financial resumed its rating. Their recommendation was “a Buy” for EVC stock.

Analyzing EVC Stock Performance

During the last five days, there has been a surge of approximately 1.02%. Over the course of the year, Entravision Communications Corp. shares have dropped approximately -52.52%. Shares of the company reached a 52-week high of $4.41 on 01/26/24 and a 52-week low of $1.33 on 03/15/24. A 50-day SMA is recorded $2.10, while a 200-day SMA reached $3.12. Nevertheless, trading volume fell to 0.14 million shares from 0.44 million shares the previous day.

Support And Resistance Levels for Entravision Communications Corp. (EVC)

According to the 24-hour chart, there is a support level at 1.96, which, if violated, would cause prices to drop to 1.93. In the upper region, resistance lies at 2.03. The next price resistance is at 2.07. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 63.89%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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