Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EchoStar Corp shares valued at $1,482,800 were purchased by DEFRANCO JAMES on Mar 08 ’24. At $13.48 per share, DEFRANCO JAMES acquired 110,000 shares. The insider’s holdings grew to 306,951 shares worth approximately $6.84 million following the completion of this transaction.
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Also, DEFRANCO JAMES purchased 70,000 shares, netting a total of over 919,800 in proceeds. Following the buying of shares at $13.14 each, the insider now holds 176,951 shares.
Before that, DEFRANCO JAMES had added 20,000 shares to its account. In a trade valued at $268,800, the Director bought EchoStar Corp shares for $13.44 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $4.39 million.
As published in a research note from JP Morgan on August 12, 2024, EchoStar Corp [SATS] has been rated down from a Neutral to an Underweight and the price target has been revised to $12. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of August 07, 2023, Raymond James has increased its “an Outperform” rating to a “Strong buy” for SATS. Earlier on November 04, 2022, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for SATS stock which previously was a “a Strong buy”.
Analyzing SATS Stock Performance
During the last five days, there has been a surge of approximately 16.47%. Over the course of the year, EchoStar Corp shares have jumped approximately 34.46%. Shares of the company reached a 52-week high of $22.37 on 09/05/24 and a 52-week low of $11.83 on 03/01/24. A 50-day SMA is recorded $18.84, while a 200-day SMA reached $15.72. Nevertheless, trading volume fell to 3.8 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for EchoStar Corp (SATS)
According to the 24-hour chart, there is a support level at 19.72, which, if violated, would cause prices to drop to 17.17. In the upper region, resistance lies at 23.60. The next price resistance is at 24.93. RSI (Relative Strength Index) is 67.11 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 1.83%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
