Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Shenandoah Telecommunications Co shares valued at $23,375 were purchased by Koontz Richard L Jr on Sep 09 ’24. At $13.75 per share, Koontz Richard L Jr acquired 1,700 shares. The insider’s holdings grew to 52,734 shares worth approximately $0.68 million following the completion of this transaction.
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Also, QUAGLIO KENNETH L purchased 200 shares, netting a total of over 2,800 in proceeds. Following the buying of shares at $14.00 each, the insider now holds 21,196 shares.
Before that, Lytle Glenn E Jr had added 500 shares to its account. In a trade valued at $7,000, the SVP Commercial Sales bought Shenandoah Telecommunications Co shares for $14.00 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $18046.0.
As published in a research note from BWS Financial on March 04, 2024, Shenandoah Telecommunications Co [SHEN] has been rated up from a Neutral to a Buy and the price target has been revised to $26. Analysts at BWS Financial upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of June 28, 2022, Raymond James has decreased its “Strong buy” rating to a “Mkt perform” for SHEN. Earlier on May 03, 2022, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for SHEN stock which previously was a “an Outperform”.
Analyzing SHEN Stock Performance
During the last five days, there has been a drop of approximately -6.86%. Over the course of the year, Shenandoah Telecommunications Co shares have dropped approximately -40.38%. Shares of the company reached a 52-week high of $22.27 on 02/21/24 and a 52-week low of $11.87 on 05/03/24. A 50-day SMA is recorded $14.43, while a 200-day SMA reached $16.57. Nevertheless, trading volume fell to 0.75 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for Shenandoah Telecommunications Co (SHEN)
According to the 24-hour chart, there is a support level at 11.59, which, if violated, would cause prices to drop to 10.30. In the upper region, resistance lies at 14.64. The next price resistance is at 16.40. RSI (Relative Strength Index) is 40.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 80.14%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
