As this happened, A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid July with a ‘”a Hold”‘ rating. Oppenheimer also remained covering OUT and has decreased its forecast on August 04, 2023 with a “Perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on August 04, 2023. It rated OUT as “a Neutral” which previously was an “an Overweight”.
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Price Performance Review of OUT
On Tuesday, Outfront Media Inc [NYSE:OUT] saw its stock jump 2.81% to $19.05. Over the last five days, the stock has gained 4.56%. Outfront Media Inc shares have risen nearly 36.46% since the year began. Nevertheless, the stocks have risen 121.00% over the past one year. While a 52-week high of $18.89 was reached on 10/15/24, a 52-week low of $8.74 was recorded on 02/20/24. SMA at 50 days reached $17.05, while 200 days put it at $15.29.
Levels Of Support And Resistance For OUT Stock
The 24-hour chart illustrates a support level at 18.63, which if violated will result in even more drops to 18.21. On the upside, there is a resistance level at 19.36. A further resistance level may holdings at 19.67. The Relative Strength Index (RSI) on the 14-day chart is 68.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.66%. Stochastics %K at 76.21% indicates the stock is a holding.
How much short interest is there in Outfront Media Inc?
A steep rise in short interest was recorded in Outfront Media Inc stocks on 2024-09-30, growing by 4.81 million shares to a total of 9.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.03 million shares. There was a rise of 48.85%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 29, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $34 price target.
