In a filing, Altice USA Inc revealed its Director Next Alt S.a.r.l. unloaded Company’s shares for reported $19.73 million on Nov 07 ’24. In the deal valued at $24.50 per share,805,227 shares were sold. As a result of this transaction, Next Alt S.a.r.l. now holds 31,613,955 shares worth roughly $85.04 million.
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Then, Next Alt S.a.r.l. sold 805,227 shares, generating $19,728,062 in total proceeds. Upon selling the shares at $24.50, the Director now owns 32,419,182 shares.
Before that, Next Alt S.a.r.l. sold 805,227 shares. Altice USA Inc shares valued at $19,728,062 were divested by the Director at a price of $24.50 per share. As a result of the transaction, Next Alt S.a.r.l. now holds 33,224,409 shares, worth roughly $89.37 million.
UBS downgraded its Altice USA Inc [ATUS] rating to a Neutral from a a Buy in a research note published on August 02, 2024; the price target was decreased to $2 from $4. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early July with a ‘”a Sell”‘ rating. JP Morgan revised its rating on April 11, 2024. It rated ATUS as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of ATUS
On Monday, Altice USA Inc [NYSE:ATUS] saw its stock jump 4.26% to $2.69. Over the last five days, the stock has gained 3.86%. Altice USA Inc shares have fallen nearly -17.23% since the year began. Nevertheless, the stocks have risen 20.09% over the past one year. While a 52-week high of $3.66 was reached on 01/02/24, a 52-week low of $1.52 was recorded on 08/12/24. SMA at 50 days reached $2.36, while 200 days put it at $2.21.
Levels Of Support And Resistance For ATUS Stock
The 24-hour chart illustrates a support level at 2.56, which if violated will result in even more drops to 2.44. On the upside, there is a resistance level at 2.78. A further resistance level may holdings at 2.88. The Relative Strength Index (RSI) on the 14-day chart is 62.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.32%. Stochastics %K at 73.51% indicates the stock is a holding.
How much short interest is there in Altice USA Inc?
A steep rise in short interest was recorded in Altice USA Inc stocks on 2024-10-15, growing by 1.04 million shares to a total of 26.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.95 million shares. There was a rise of 3.85%, which implies that there is a positive sentiment for the stock.
