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BWS Financial Upgrades Shenandoah Telecommunications Co. (SHEN) to a Buy from a Neutral

Shenandoah Telecommunications Co.’s filing revealed that its Director Koontz Richard L Jr acquired Company’s shares for reported $23375.0 on Sep 09 ’24. In the deal valued at $13.75 per share,1,700 shares were bought. As a result of this transaction, Koontz Richard L Jr now holds 52,734 shares worth roughly $ 0.74 million.

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Then, QUAGLIO KENNETH L bought 200 shares, generating $2,800 in total proceeds. Upon buying the shares at $14.00, the Director now owns 21,196 shares.

Before that, Lytle Glenn E Jr bought 500 shares. Shenandoah Telecommunications Co. shares valued at $7,000 were divested by the SVP Commercial Sales at a price of $14.00 per share. As a result of the transaction, Lytle Glenn E Jr now holds 1,400 shares, worth roughly $19544.0.

BWS Financial upgraded its Shenandoah Telecommunications Co. [SHEN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BWS Financial’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. Raymond James also remained covering SHEN and has decreased its forecast on June 28, 2022 with a “Mkt perform” recommendation from previously “Strong buy” rating. Raymond James revised its rating on May 03, 2022. It rated SHEN as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of SHEN

On Monday, Shenandoah Telecommunications Co. [NASDAQ:SHEN] saw its stock fall -6.87% to $13.96. Over the last five days, the stock has lost -7.67%. Shenandoah Telecommunications Co. shares have fallen nearly -35.43% since the year began. Nevertheless, the stocks have fallen -32.76% over the past one year. While a 52-week high of $25.51 was reached on 02/21/24, a 52-week low of $11.87 was recorded on 05/03/24. SMA at 50 days reached $16.92, while 200 days put it at $18.05.

Levels Of Support And Resistance For SHEN Stock

The 24-hour chart illustrates a support level at 13.36, which if violated will result in even more drops to 12.76. On the upside, there is a resistance level at 14.71. A further resistance level may holdings at 15.46. The Relative Strength Index (RSI) on the 14-day chart is 35.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.87%. Stochastics %K at 57.03% indicates the stock is a holding.

How much short interest is there in Shenandoah Telecommunications Co.?

A steep rise in short interest was recorded in Shenandoah Telecommunications Co. stocks on 2024-08-15, growing by 37753.0 shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.09 million shares. There was a rise of 3.36%, which implies that there is a positive sentiment for the stock.

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