Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crown Castle Inc shares valued at $4,150 were sold by PATEL SUNIT S on May 09 ’24. At $98.80 per share, PATEL SUNIT S sold 42 shares. The insider’s holdings dropped to 2,919 shares worth approximately $0.3 million following the completion of this transaction.
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Also, Kelley Philip M purchased 47,774 shares, netting a total of over 5,359,489 in proceeds.
Before that, Kavanagh Michael Joseph had sold 10,883 shares from its account. In a trade valued at $1,128,839, the EVP & COO-Towers traded Crown Castle Inc shares for $103.72 each. Upon closing the transaction, the insider’s holdings decreased to 10,883 shares, worth approximately $7.77 million.
As published in a research note from Argus on April 19, 2024, Crown Castle Inc [CCI] has been rated down from a Buy to a Hold. Analysts at BMO Capital Markets upgraded the stock from ‘”an Underperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid January. As of December 14, 2023, HSBC Securities has initiated its “Hold” rating for CCI. Earlier on December 05, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for CCI stock which previously was a “an Underweight”.
Analyzing CCI Stock Performance
During the last five days, there has been a drop of approximately -2.68%. Over the course of the year, Crown Castle Inc shares have dropped approximately -10.19%. Shares of the company reached a 52-week high of $120.92 on 09/16/24 and a 52-week low of $92.48 on 04/18/24. A 50-day SMA is recorded $108.92, while a 200-day SMA reached $105.71. Nevertheless, trading volume fell to 3.4 million shares from 25461.0 shares the previous day.
Support And Resistance Levels for Crown Castle Inc (CCI)
According to the 24-hour chart, there is a support level at 102.48, which, if violated, would cause prices to drop to 101.52. In the upper region, resistance lies at 104.78. The next price resistance is at 106.12. RSI (Relative Strength Index) is 38.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 72.13%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
