iHeartMedia Inc’s recent filing unveils that its Director Rasulo James A unloaded Company’s shares for reported $96406.0 on Nov 13 ’24. In the deal valued at $2.40 per share,40,223 shares were sold. As a result of this transaction, Rasulo James A now holds 339,322 shares worth roughly $0.79 million.
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BofA Securities upgraded its iHeartMedia Inc [IHRT] rating to a Neutral from a an Underperform in a research note published on November 12, 2024; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underperform”. JP Morgan also remained covering IHRT and has decreased its forecast on March 01, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Barrington Research revised its rating on March 01, 2023. It rated IHRT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of IHRT
On Tuesday, iHeartMedia Inc [NASDAQ:IHRT] saw its stock fall -5.47% to $2.34. Over the last five days, the stock has gained 1.52%. iHeartMedia Inc shares have fallen nearly -12.55% since the year began. Nevertheless, the stocks have fallen -22.17% over the past one year. While a 52-week high of $3.12 was reached on 02/29/24, a 52-week low of $0.81 was recorded on 05/28/24. SMA at 50 days reached $2.05, while 200 days put it at $1.74.
Levels Of Support And Resistance For IHRT Stock
The 24-hour chart illustrates a support level at 2.26, which if violated will result in even more drops to 2.18. On the upside, there is a resistance level at 2.44. A further resistance level may holdings at 2.55. The Relative Strength Index (RSI) on the 14-day chart is 54.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.67%. Stochastics %K at 49.52% indicates the stock is a holding.
How much short interest is there in iHeartMedia Inc?
A steep rise in short interest was recorded in iHeartMedia Inc stocks on 2024-11-15, dropping by -0.31 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.54 million shares. There was a decline of -5.91%, which implies that there is a negative sentiment for the stock.
