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Wells Fargo Downgrades Crown Castle Inc (CCI) to an Underweight from an Equal weight

Crown Castle Inc’s recently made public that its Director PATEL SUNIT S unloaded Company’s shares for reported $4150.0 on May 09 ’24. In the deal valued at $98.80 per share,42 shares were sold. As a result of this transaction, PATEL SUNIT S now holds 2,919 shares worth roughly $0.28 million.

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Then, Kelley Philip M bought 47,774 shares, generating $5,359,489 in total proceeds.

Before that, Kavanagh Michael Joseph sold 10,883 shares. Crown Castle Inc shares valued at $1,128,839 were divested by the EVP & COO-Towers at a price of $103.72 per share. As a result of the transaction, Kavanagh Michael Joseph now holds 75,127 shares, worth roughly $7.13 million.

Wells Fargo downgraded its Crown Castle Inc [CCI] rating to an Underweight from a an Equal weight in a research note published on December 10, 2024; the price target was decreased to $100 from $105. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. BMO Capital Markets also remained covering CCI and has increased its forecast on January 19, 2024 with a “Market perform” recommendation from previously “an Underperform” rating. HSBC Securities started covering the stock on December 14, 2023. It rated CCI as “a Hold”.

Price Performance Review of CCI

On Tuesday, Crown Castle Inc [NYSE:CCI] saw its stock fall -0.88% to $94.88. Over the last five days, the stock has lost -5.65%. Crown Castle Inc shares have fallen nearly -17.63% since the year began. Nevertheless, the stocks have fallen -15.92% over the past one year. While a 52-week high of $120.92 was reached on 09/16/24, a 52-week low of $92.48 was recorded on 04/18/24. SMA at 50 days reached $106.02, while 200 days put it at $105.29.

Levels Of Support And Resistance For CCI Stock

The 24-hour chart illustrates a support level at 94.08, which if violated will result in even more drops to 93.29. On the upside, there is a resistance level at 96.37. A further resistance level may holdings at 97.87. The Relative Strength Index (RSI) on the 14-day chart is 19.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.21%. Stochastics %K at 2.50% indicates the stock is a buying.

How much short interest is there in Crown Castle Inc?

A steep rise in short interest was recorded in Crown Castle Inc stocks on 2024-11-29, growing by 0.17 million shares to a total of 6.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.74 million shares. There was a rise of 2.49%, which implies that there is a positive sentiment for the stock.

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