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 $0.26 million.
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 $6.65 million.
Jefferies downgraded its Crown Castle Inc [CCI] rating to a Hold from a a Buy in a research note published on January 02, 2025; the price target was decreased to $84 from $127. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early December from “an Equal weight” to “an Underweight”. Argus also remained covering CCI and has decreased its forecast on April 19, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on January 19, 2024. It rated CCI as “a Market perform” which previously was an “an Underperform”.
Price Performance Review of CCI
On Monday, Crown Castle Inc [NYSE:CCI] saw its stock fall -1.61% to $88.54. Over the last five days, the stock has lost -2.23%. Crown Castle Inc shares have fallen nearly -2.45% since the year began. Nevertheless, the stocks have fallen -22.33% over the past one year. While a 52-week high of $120.92 was reached on 01/02/25, a 52-week low of $88.65 was recorded on 01/06/25. SMA at 50 days reached $100.92, while 200 days put it at $104.18.
Levels Of Support And Resistance For CCI Stock
The 24-hour chart illustrates a support level at 87.97, which if violated will result in even more drops to 87.39. On the upside, there is a resistance level at 89.41. A further resistance level may holdings at 90.27. The Relative Strength Index (RSI) on the 14-day chart is 21.76, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.04%. Stochastics %K at 6.93% 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 2024-12-13, growing by 0.62 million shares to a total of 7.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.69 million shares. There was a rise of 8.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 14, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $110 price target.
