Bandwidth Inc’s filing revealed that its Controller, PAO Krupka Devin M unloaded Company’s shares for reported $6967.0 on Aug 29 ’24. In the deal valued at $17.42 per share,400 shares were sold. As a result of this transaction, Krupka Devin M now holds 9,183 shares worth roughly $0.16 million.
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Then, Ross Kade sold 1,064 shares, generating $18,533 in total proceeds. Upon selling the shares at $17.42, the Chief Information Officer now owns 25,902 shares.
Before that, Bottorff Rebecca sold 2,393 shares. Bandwidth Inc shares valued at $41,682 were divested by the Chief People Officer at a price of $17.42 per share. As a result of the transaction, Bottorff Rebecca now holds 34,456 shares, worth roughly $0.59 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 Friday, Bandwidth Inc [NASDAQ:BAND] saw its stock fall -2.39% to $17.16. Over the last five days, the stock has lost -0.98%. Bandwidth Inc shares have risen nearly 18.59% since the year began. Nevertheless, the stocks have risen 21.70% 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 $17.80, while 200 days put it at $16.70.
Levels Of Support And Resistance For BAND Stock
The 24-hour chart illustrates a support level at 16.81, which if violated will result in even more drops to 16.45. On the upside, there is a resistance level at 17.63. A further resistance level may holdings at 18.09. The Relative Strength Index (RSI) on the 14-day chart is 48.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.68%. Stochastics %K at 83.09% indicates the stock is a selling.
How much short interest is there in Bandwidth Inc?
A steep rise in short interest was recorded in Bandwidth Inc stocks on 2024-08-15, dropping by -0.11 million shares to a total of 1.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.15 million shares. There was a decline of -10.3%, which implies that there is a negative sentiment for the stock.
