Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bandwidth Inc shares valued at $73,802 were sold by Raiford Daryl on Sep 03 ’24. At $16.97 per share, Raiford Daryl sold 4,350 shares. The insider’s holdings dropped to 71,546 shares worth approximately $1.27 million following the completion of this transaction.
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Also, Krupka Devin M sold 400 shares, netting a total of over 6,967 in proceeds. Following the sale of shares at $17.42 each, the insider now holds 9,183 shares.
Before that, Ross Kade had sold 1,064 shares from its account. In a trade valued at $18,533, the Chief Information Officer traded Bandwidth Inc shares for $17.42 each. Upon closing the transaction, the insider’s holdings decreased to 1,064 shares, worth approximately $0.46 million.
As published in a research note from Morgan Stanley on June 14, 2024, Bandwidth Inc [BAND] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $15 from $18. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of September 13, 2022, KeyBanc Capital Markets has initiated its “an Overweight” rating for BAND. Earlier on May 16, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for BAND stock which previously was a “an Outperform”.
Analyzing BAND Stock Performance
During the last five days, there has been a surge of approximately 3.79%. Over the course of the year, Bandwidth Inc shares have jumped approximately 23.01%. Shares of the company reached a 52-week high of $25.02 on 05/07/24 and a 52-week low of $11.90 on 02/26/24. A 50-day SMA is recorded $16.93, while a 200-day SMA reached $17.46. Nevertheless, trading volume fell to 0.62 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for Bandwidth Inc (BAND)
According to the 24-hour chart, there is a support level at 17.44, which, if violated, would cause prices to drop to 17.08. In the upper region, resistance lies at 18.02. The next price resistance is at 18.23. RSI (Relative Strength Index) is 56.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 8.00%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
