Clear Channel Outdoor Holdings Inc’s recently made public that its 10% Owner MORENO ARTURO R acquired Company’s shares for reported $0.36 million on Nov 05 ’24. In the deal valued at $1.46 per share,250,000 shares were bought. As a result of this transaction, MORENO ARTURO R now holds 52,432,534 shares worth roughly $80.75 million.
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Then, MORENO ARTURO R bought 250,000 shares, generating $362,500 in total proceeds. Upon buying the shares at $1.45, the 10% Owner now owns 52,182,534 shares.
Before that, MORENO ARTURO R bought 1,000,000 shares. Clear Channel Outdoor Holdings Inc shares valued at $1,450,000 were divested by the 10% Owner at a price of $1.45 per share. As a result of the transaction, MORENO ARTURO R now holds 51,932,534 shares, worth roughly $79.98 million.
Wells Fargo downgraded its Clear Channel Outdoor Holdings Inc [CCO] rating to an Equal weight from a an Overweight in a research note published on September 19, 2024; the price target was decreased to $1.75 from $2.75. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering CCO and has decreased its forecast on July 08, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barrington Research revised its rating on November 11, 2021. It rated CCO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CCO
On Monday, Clear Channel Outdoor Holdings Inc [NYSE:CCO] saw its stock fall -1.91% to $1.54. Over the last five days, the stock has lost -4.94%. Clear Channel Outdoor Holdings Inc shares have fallen nearly -15.38% since the year began. Nevertheless, the stocks have risen 13.24% over the past one year. While a 52-week high of $2.06 was reached on 02/26/24, a 52-week low of $1.26 was recorded on 06/26/24. SMA at 50 days reached $1.5802, while 200 days put it at $1.5613.
Levels Of Support And Resistance For CCO Stock
The 24-hour chart illustrates a support level at 1.5200, which if violated will result in even more drops to 1.5000. On the upside, there is a resistance level at 1.5600. A further resistance level may holdings at 1.5800. The Relative Strength Index (RSI) on the 14-day chart is 47.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0305, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.12%. Stochastics %K at 68.63% indicates the stock is a holding.
How much short interest is there in Clear Channel Outdoor Holdings Inc?
A steep rise in short interest was recorded in Clear Channel Outdoor Holdings Inc stocks on 2024-10-31, dropping by -0.51 million shares to a total of 29.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 29.81 million shares. There was a decline of -1.73%, which implies that there is a negative sentiment for the stock.
