EchoStar Corp’s recent filing unveils that its Director DEFRANCO JAMES acquired Company’s shares for reported $1.48 million on Mar 08 ’24. In the deal valued at $13.48 per share,110,000 shares were bought. As a result of this transaction, DEFRANCO JAMES now holds 306,951 shares worth roughly $7.39 million.
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Then, DEFRANCO JAMES bought 70,000 shares, generating $919,800 in total proceeds. Upon buying the shares at $13.14, the Director now owns 176,951 shares.
Before that, DEFRANCO JAMES bought 20,000 shares. EchoStar Corp shares valued at $268,800 were divested by the Director at a price of $13.44 per share. As a result of the transaction, DEFRANCO JAMES now holds 196,951 shares, worth roughly $4.74 million.
Raymond James downgraded its EchoStar Corp [SATS] rating to a Mkt perform from a a Strong buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid August from “a Neutral” to “an Underweight”. JP Morgan began covering SATS with “Neutral” recommendation on January 17, 2024. Raymond James revised its rating on August 07, 2023. It rated SATS as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of SATS
On Tuesday, EchoStar Corp [NASDAQ:SATS] saw its stock fall -2.94% to $24.09. Over the last five days, the stock has lost -4.90%. EchoStar Corp shares have risen nearly 45.38% since the year began. Nevertheless, the stocks have risen 43.82% over the past one year. While a 52-week high of $30.08 was reached on 09/27/24, a 52-week low of $9.53 was recorded on 03/01/24. SMA at 50 days reached $20.96, while 200 days put it at $16.93.
Levels Of Support And Resistance For SATS Stock
The 24-hour chart illustrates a support level at 23.17, which if violated will result in even more drops to 22.26. On the upside, there is a resistance level at 24.73. A further resistance level may holdings at 25.38. The Relative Strength Index (RSI) on the 14-day chart is 52.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.65%. Stochastics %K at 48.84% indicates the stock is a holding.
How much short interest is there in EchoStar Corp?
A steep rise in short interest was recorded in EchoStar Corp stocks on 2024-09-13, growing by 0.49 million shares to a total of 14.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.98 million shares. There was a rise of 3.36%, which implies that there is a positive sentiment for the stock.
