Altice USA Inc’s recently made public that its Director Next Alt S.a.r.l. unloaded Company’s shares for reported $19.73 million on Dec 13 ’24. In the deal valued at $24.50 per share,805,230 shares were sold. As a result of this transaction, Next Alt S.a.r.l. now holds 11,483,262 shares worth roughly $30.09 million.
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Then, Next Alt S.a.r.l. sold 805,230 shares, generating $19,728,135 in total proceeds. Upon selling the shares at $24.50, the Director now owns 12,288,492 shares.
Before that, Next Alt S.a.r.l. sold 805,230 shares. Altice USA Inc shares valued at $19,728,135 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 13,093,722 shares, worth roughly $34.31 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 fall -2.24% to $2.62. Over the last five days, the stock has gained 11.02%. Altice USA Inc shares have fallen nearly -19.38% since the year began. Nevertheless, the stocks have risen 6.07% 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 $2.50, while 200 days put it at $2.24.
Levels Of Support And Resistance For ATUS Stock
The 24-hour chart illustrates a support level at 2.55, which if violated will result in even more drops to 2.49. On the upside, there is a resistance level at 2.70. A further resistance level may holdings at 2.79. The Relative Strength Index (RSI) on the 14-day chart is 54.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.26%. Stochastics %K at 83.30% indicates the stock is a selling.
How much short interest is there in Altice USA Inc?
A steep rise in short interest was recorded in Altice USA Inc stocks on 2024-11-29, dropping by -1.78 million shares to a total of 23.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 25.4 million shares. There was a decline of -7.53%, which implies that there is a negative sentiment for the stock.
