Altice USA Inc’s recent filing unveils 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 $14.21 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 $18.12 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 Monday, Altice USA Inc [NYSE:ATUS] saw its stock jump 0.83% to $2.43. Over the last five days, the stock has lost -0.82%. Altice USA Inc shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have fallen -9.67% over the past one year. While a 52-week high of $3.18 was reached on 01/06/25, a 52-week low of $1.52 was recorded on 01/13/25. SMA at 50 days reached $2.52, 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 2.34, which if violated will result in even more drops to 2.25. On the upside, there is a resistance level at 2.48. A further resistance level may holdings at 2.54. The Relative Strength Index (RSI) on the 14-day chart is 47.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, 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 33.64% 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 2024-12-31, growing by 2.93 million shares to a total of 26.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 23.62 million shares. There was a rise of 11.05%, which implies that there is a positive sentiment for the stock.
