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 24 ’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 5,846,652 shares worth roughly $14.32 million.
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 6,651,882 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 7,457,112 shares, worth roughly $18.27 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 Friday, Altice USA Inc [NYSE:ATUS] saw its stock jump 3.38% to $2.45. Altice USA Inc shares have risen nearly 1.66% since the year began. Nevertheless, the stocks have fallen -20.45% over the past one year. While a 52-week high of $3.19 was reached on 01/03/25, a 52-week low of $1.52 was recorded on 01/02/25. SMA at 50 days reached $2.53, while 200 days put it at $2.23.
Levels Of Support And Resistance For ATUS Stock
The 24-hour chart illustrates a support level at 2.37, which if violated will result in even more drops to 2.29. On the upside, there is a resistance level at 2.51. A further resistance level may holdings at 2.57. The Relative Strength Index (RSI) on the 14-day chart is 47.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.50%. Stochastics %K at 21.14% indicates the stock is a holding.
How much short interest is there in Altice USA Inc?
A steep rise in short interest was recorded in Altice USA Inc stocks on 2024-12-13, dropping by -0.53 million shares to a total of 25.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 26.14 million shares. There was a decline of -2.06%, which implies that there is a negative sentiment for the stock.
