Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Altice USA Inc shares valued at $19,728,135 were sold by Next Alt S.a.r.l. on Dec 24 ’24. At $24.50 per share, Next Alt S.a.r.l. sold 805,230 shares. The insider’s holdings dropped to 5,846,652 shares worth approximately $14.56 million following the completion of this transaction.
Also, Next Alt S.a.r.l. sold 805,230 shares, netting a total of over 19,728,135 in proceeds. Following the sale of shares at $24.50 each, the insider now holds 6,651,882 shares.
Before that, Next Alt S.a.r.l. had sold 805,230 shares from its account. In a trade valued at $19,728,135, the Director traded Altice USA Inc shares for $24.50 each. Upon closing the transaction, the insider’s holdings decreased to 805,230 shares, worth approximately $18.57 million.
As published in a research note from UBS on August 02, 2024, Altice USA Inc [ATUS] has been rated down from a Buy to a Neutral and the price target has been revised to $2 from $4. Analysts at Goldman started covering the stock with ‘”a Sell”‘ outlook in a report released in early July. Earlier on April 11, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for ATUS stock which previously was a “a Neutral”.
Analyzing ATUS Stock Performance
During the last five days, there has been a surge of approximately 3.32%. Over the course of the year, Altice USA Inc shares have jumped approximately 3.32%. Shares of the company reached a 52-week high of $2.65 on 01/06/25 and a 52-week low of $2.32 on 01/02/25. A 50-day SMA is recorded $2.53, while a 200-day SMA reached $2.23. Nevertheless, trading volume fell to 7.72 million shares from 1.62 million shares the previous day.
Support And Resistance Levels for Altice USA Inc (ATUS)
According to the 24-hour chart, there is a support level at 2.43, which, if violated, would cause prices to drop to 2.36. In the upper region, resistance lies at 2.53. The next price resistance is at 2.56. RSI (Relative Strength Index) is 49.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 55.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
