Altice USA Inc’s filing revealed 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 $16.43 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 $20.95 million.
Raymond James upgraded its Altice USA Inc [ATUS] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early August from “a Buy” to “a Neutral”. Goldman began covering ATUS with “Sell” recommendation on July 01, 2024.
Price Performance Review of ATUS
On Friday, Altice USA Inc [NYSE:ATUS] saw its stock jump 1.81% to $2.81. Over the last five days, the stock has lost -0.35%. Altice USA Inc shares have risen nearly 16.60% since the year began. Nevertheless, the stocks have risen 46.35% over the past one year. While a 52-week high of $3.20 was reached on 02/13/25, a 52-week low of $1.52 was recorded on 01/13/25. SMA at 50 days reached $2.68, while 200 days put it at $2.32.
Levels Of Support And Resistance For ATUS Stock
The 24-hour chart illustrates a support level at 2.73, which if violated will result in even more drops to 2.66. On the upside, there is a resistance level at 2.88. A further resistance level may holdings at 2.94. The Relative Strength Index (RSI) on the 14-day chart is 51.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.22%. Stochastics %K at 25.05% indicates the stock is a holding.
