Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EchoStar Corp shares valued at $43,499,994 were purchased by ERGEN CHARLES W on Nov 12 ’24. At $28.04 per share, ERGEN CHARLES W acquired 1,551,355 shares. The insider’s holdings grew to 1,551,355 shares worth approximately $36.57 million following the completion of this transaction.
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Also, DEFRANCO JAMES purchased 110,000 shares, netting a total of over 1,482,800 in proceeds. Following the buying of shares at $13.48 each, the insider now holds 306,951 shares.
Before that, DEFRANCO JAMES had added 70,000 shares to its account. In a trade valued at $919,800, the Director bought EchoStar Corp shares for $13.14 each. Upon closing the transaction, the insider’s holdings increased to 70,000 shares, worth approximately $4.17 million.
As published in a research note from Raymond James on October 01, 2024, EchoStar Corp [SATS] has been rated down from a Strong buy to a Mkt perform. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid August. As of January 17, 2024, JP Morgan has initiated its “Neutral” rating for SATS. Earlier on August 07, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for SATS stock which previously was a “an Outperform”.
Analyzing SATS Stock Performance
During the last five days, there has been a surge of approximately 7.19%. Over the course of the year, EchoStar Corp shares have jumped approximately 42.25%. Shares of the company reached a 52-week high of $30.08 on 09/27/24 and a 52-week low of $11.83 on 03/01/24. A 50-day SMA is recorded $24.94, while a 200-day SMA reached $18.81. Nevertheless, trading volume fell to 1.32 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for EchoStar Corp (SATS)
According to the 24-hour chart, there is a support level at 23.04, which, if violated, would cause prices to drop to 22.51. In the upper region, resistance lies at 24.26. The next price resistance is at 24.94. RSI (Relative Strength Index) is 46.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 59.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
