Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iHeartMedia Inc shares valued at $96,406 were sold by Rasulo James A on Nov 13 ’24. At $2.40 per share, Rasulo James A sold 40,223 shares. The insider’s holdings dropped to 339,322 shares worth approximately $0.79 million following the completion of this transaction.
As published in a research note from BofA Securities on November 12, 2024, iHeartMedia Inc [IHRT] has been rated up from an Underperform to a Neutral and the price target has been revised to $3 from $1. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late March. As of March 01, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for IHRT. Earlier on March 01, 2023, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for IHRT stock which previously was a “an Outperform”.
Analyzing IHRT Stock Performance
During the last five days, there has been a surge of approximately 18.88%. Over the course of the year, iHeartMedia Inc shares have jumped approximately 17.68%. Shares of the company reached a 52-week high of $2.47 on 01/21/25 and a 52-week low of $1.80 on 01/10/25. A 50-day SMA is recorded $2.22, while a 200-day SMA reached $1.74. Nevertheless, trading volume fell to 0.77 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for iHeartMedia Inc (IHRT)
According to the 24-hour chart, there is a support level at 2.29, which, if violated, would cause prices to drop to 2.25. In the upper region, resistance lies at 2.41. The next price resistance is at 2.50. RSI (Relative Strength Index) is 60.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 21.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
