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An Analysis of Crown Castle Inc (CCI)’s Potential Price Growth

Crown Castle Inc’s recently made public that its EVP & COO-Towers Kavanagh Michael Joseph unloaded Company’s shares for reported $1.13 million on Jul 23 ’24. In the deal valued at $103.72 per share,10,883 shares were sold. As a result of this transaction, Kavanagh Michael Joseph now holds 75,127 shares worth roughly $8.08 million.

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Then, Genrich Jason bought 18 shares, generating $1,857 in total proceeds. Upon buying the shares at $103.17, the Director now owns 3,041 shares.

Before that, Collins Robert Sean sold 3,250 shares. Crown Castle Inc shares valued at $368,842 were divested by the Vice President and Controller at a price of $113.49 per share. As a result of the transaction, Collins Robert Sean now holds 8,275 shares, worth roughly $0.89 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 Friday, Crown Castle Inc [NYSE:CCI] saw its stock jump 1.89% to $107.52. Over the last five days, the stock has gained 2.32%. Crown Castle Inc shares have fallen nearly -6.66% since the year began. Nevertheless, the stocks have fallen -4.39% 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 $100.33, while 200 days put it at $103.41. A total of 1.63 million shares were traded, compared to the trading of 2.46 million shares in the previous session.

Levels Of Support And Resistance For CCI Stock

The 24-hour chart illustrates a support level at 106.37, which if violated will result in even more drops to 105.23. On the upside, there is a resistance level at 108.11. A further resistance level may holdings at 108.71. The Relative Strength Index (RSI) on the 14-day chart is 71.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.43%. Stochastics%K at 81.52% indicates the stock is a selling.

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