Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bandwidth Inc shares valued at $40,487 were purchased by DEVIN KRUPKA on Oct 31 ’24. At $18.84 per share, DEVIN KRUPKA acquired 2,149 shares.
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Also, Raiford Daryl sold 4,350 shares, netting a total of over 73,802 in proceeds. Following the sale of shares at $16.97 each, the insider now holds 71,546 shares.
Before that, Krupka Devin M had sold 400 shares from its account. In a trade valued at $6,967, the Controller, PAO traded Bandwidth Inc shares for $17.42 each. Upon closing the transaction, the insider’s holdings decreased to 400 shares, worth approximately $0.18 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 10.23%. Over the course of the year, Bandwidth Inc shares have jumped approximately 34.76%. 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 $17.45, while a 200-day SMA reached $17.72. Nevertheless, trading volume fell to 0.9 million shares from 0.26 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 18.33, which, if violated, would cause prices to drop to 17.16. In the upper region, resistance lies at 21.84. The next price resistance is at 24.17. RSI (Relative Strength Index) is 64.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.82, which suggests the price will decrease in the coming days. Percent R is at 57.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
