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 $18.18 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 $23.19 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 Friday, Altice USA Inc [NYSE:ATUS] saw its stock jump 6.87% to $3.11. Over the last five days, the stock has gained 13.92%. Altice USA Inc shares have risen nearly 29.05% since the year began. Nevertheless, the stocks have risen 19.62% over the past one year. While a 52-week high of $3.18 was reached on 01/24/25, a 52-week low of $1.52 was recorded on 01/13/25. SMA at 50 days reached $2.56, while 200 days put it at $2.24.
Levels Of Support And Resistance For ATUS Stock
The 24-hour chart illustrates a support level at 2.96, which if violated will result in even more drops to 2.80. On the upside, there is a resistance level at 3.20. A further resistance level may holdings at 3.28. The Relative Strength Index (RSI) on the 14-day chart is 73.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.41%. Stochastics %K at 85.21% indicates the stock is a selling.
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.
