Custom Truck One Source Inc’s filing revealed that its 10% Owner ECP ControlCo, LLC unloaded Company’s shares for reported $8.05 million on Sep 05 ’24. In the deal valued at $3.42 per share,2,354,109 shares were sold. As a result of this transaction, ECP ControlCo, LLC now holds 23,384,879 shares worth roughly $94.24 million.
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Then, NESCO Holdings, LP sold 2,354,109 shares, generating $8,051,053 in total proceeds. Upon selling the shares at $3.42, the 10% Owner now owns 23,384,879 shares.
Before that, Nesco Holdings, L.P. bought 1,942,535 shares. Custom Truck One Source Inc shares valued at $7,381,633 were divested by the Former Director at a price of $3.80 per share.
DA Davidson initiated its Custom Truck One Source Inc [CTOS] rating to a Buy in a research note published on February 16, 2023; the price target was $12. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. Deutsche Bank began covering CTOS with “Buy” recommendation on March 30, 2022. Robert W. Baird started covering the stock on January 14, 2022. It rated CTOS as “an Outperform”.
Price Performance Review of CTOS
On Friday, Custom Truck One Source Inc [NYSE:CTOS] saw its stock fall -1.47% to $4.03. Over the last five days, the stock has gained 24.38%. Custom Truck One Source Inc shares have fallen nearly -34.79% since the year began. Nevertheless, the stocks have fallen -31.46% over the past one year. While a 52-week high of $7.00 was reached on 02/15/24, a 52-week low of $3.03 was recorded on 10/10/24. SMA at 50 days reached $3.61, while 200 days put it at $4.81.
Levels Of Support And Resistance For CTOS Stock
The 24-hour chart illustrates a support level at 3.96, which if violated will result in even more drops to 3.88. On the upside, there is a resistance level at 4.15. A further resistance level may holdings at 4.27. The Relative Strength Index (RSI) on the 14-day chart is 67.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.10%. Stochastics %K at 88.45% indicates the stock is a selling.
How much short interest is there in Custom Truck One Source Inc?
A steep rise in short interest was recorded in Custom Truck One Source Inc stocks on 2024-10-15, dropping by -0.31 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.09 million shares. There was a decline of -6.46%, which implies that there is a negative sentiment for the stock.
