In a filing, Clear Channel Outdoor Holdings Inc. revealed its 10% Owner PACIFIC INVESTMENT MANAGEMENT unloaded Company’s shares for reported $79361.0 on Jul 30 ’24. In the deal valued at $1.69 per share,46,959 shares were sold. As a result of this transaction, PACIFIC INVESTMENT MANAGEMENT now holds 104,812,998 shares worth roughly $160.36 million.
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Then, PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares, generating $19,505 in total proceeds. Upon selling the shares at $1.55, the 10% Owner now owns 104,859,957 shares.
Wells Fargo downgraded its Clear Channel Outdoor Holdings Inc. [CCO] rating to an Equal weight from a an Overweight in a research note published on September 19, 2024; the price target was decreased to $1.75 from $2.75. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering CCO and has decreased its forecast on July 08, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barrington Research revised its rating on November 11, 2021. It rated CCO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CCO
On Tuesday, Clear Channel Outdoor Holdings Inc. [NYSE:CCO] saw its stock fall -4.38% to $1.53. Over the last five days, the stock has lost -6.71%. Clear Channel Outdoor Holdings Inc. shares have fallen nearly -15.93% since the year began. Nevertheless, the stocks have fallen -3.16% over the past one year. While a 52-week high of $2.06 was reached on 02/26/24, a 52-week low of $1.04 was recorded on 06/26/24. SMA at 50 days reached $1.5380, while 200 days put it at $1.5918.
Levels Of Support And Resistance For CCO Stock
The 24-hour chart illustrates a support level at 1.4967, which if violated will result in even more drops to 1.4633. On the upside, there is a resistance level at 1.5817. A further resistance level may holdings at 1.6333. The Relative Strength Index (RSI) on the 14-day chart is 43.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0662, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.12%. Stochastics %K at 27.78% indicates the stock is a holding.
How much short interest is there in Clear Channel Outdoor Holdings Inc.?
A steep rise in short interest was recorded in Clear Channel Outdoor Holdings Inc. stocks on 2024-09-13, dropping by -0.74 million shares to a total of 30.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 31.61 million shares. There was a decline of -2.39%, which implies that there is a negative sentiment for the stock.
