Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $0.27 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 $6.84 million.
As published in a research note from Wells Fargo on December 10, 2024, Crown Castle Inc [CCI] has been rated down from an Equal weight to an Underweight and the price target has been revised to $100 from $105. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of January 19, 2024, BMO Capital Markets has increased its “an Underperform” rating to a “Market perform” for CCI. Earlier on December 14, 2023, HSBC Securities initiated its rating. Their recommendation was “a Hold” for CCI stock.
Analyzing CCI Stock Performance
During the last five days, there has been a drop of approximately -3.51%. Over the course of the year, Crown Castle Inc shares have dropped approximately -20.52%. Shares of the company reached a 52-week high of $120.92 on 09/16/24 and a 52-week low of $89.49 on 12/23/24. A 50-day SMA is recorded $104.01, while a 200-day SMA reached $104.76. Nevertheless, trading volume fell to 1.32 million shares from 3.37 million 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 90.16, which, if violated, would cause prices to drop to 89.32. In the upper region, resistance lies at 91.58. The next price resistance is at 92.16. RSI (Relative Strength Index) is 19.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.58, which suggests the price will decrease in the coming days. Percent R is at 89.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
