EchoStar Corp’s recently made public that its CHAIRMAN ERGEN CHARLES W acquired Company’s shares for reported $43.5 million on Nov 12 ’24. In the deal valued at $28.04 per share,1,551,355 shares were bought. As a result of this transaction, ERGEN CHARLES W now holds 1,551,355 shares worth roughly $35.73 million.
Then, DEFRANCO JAMES bought 110,000 shares, generating $1,482,800 in total proceeds. Upon buying the shares at $13.48, the Director now owns 306,951 shares.
Before that, DEFRANCO JAMES bought 70,000 shares. EchoStar Corp shares valued at $919,800 were divested by the Director at a price of $13.14 per share. As a result of the transaction, DEFRANCO JAMES now holds 176,951 shares, worth roughly $4.08 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early October from “a Strong buy” to “a Mkt perform”. JP Morgan also remained covering SATS and has decreased its forecast on August 12, 2024 with a “an Underweight” recommendation from previously “Neutral” rating. JP Morgan started covering the stock on January 17, 2024. It rated SATS as “a Neutral”.
Price Performance Review of SATS
On Monday, EchoStar Corp [NASDAQ:SATS] saw its stock fall -0.26% to $23.03. Over the last five days, the stock has lost -0.35%. EchoStar Corp shares have risen nearly 0.57% since the year began. Nevertheless, the stocks have risen 38.32% over the past one year. While a 52-week high of $30.08 was reached on 01/08/25, a 52-week low of $11.83 was recorded on 01/02/25. SMA at 50 days reached $23.75, while 200 days put it at $20.46.
Levels Of Support And Resistance For SATS Stock
The 24-hour chart illustrates a support level at 22.77, which if violated will result in even more drops to 22.50. On the upside, there is a resistance level at 23.31. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 47.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.87%. Stochastics %K at 60.11% indicates the stock is a holding.
How much short interest is there in EchoStar Corp?
A steep rise in short interest was recorded in EchoStar Corp stocks on 2024-12-31, growing by 2.08 million shares to a total of 15.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 13.57 million shares. There was a rise of 13.28%, which implies that there is a positive sentiment for the stock.
