The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Clear Channel Outdoor Holdings Inc shares valued at $1,008,000 were purchased by MORELAND W BENJAMIN on Feb 28 ’25. At $1.26 per share, MORELAND W BENJAMIN acquired 800,000 shares. The insider’s holdings grew to 2,510,821 shares worth approximately $3.24 million following the completion of this transaction.
Also, WELLS SCOTT purchased 50,000 shares, netting a total of over 63,000 in proceeds. Following the buying of shares at $1.26 each, the insider now holds 3,525,144 shares.
Before that, MORENO ARTURO R had added 250,000 shares to its account. In a trade valued at $365,000, the 10% Owner bought Clear Channel Outdoor Holdings Inc shares for $1.46 each. Upon closing the transaction, the insider’s holdings increased to 250,000 shares, worth approximately $67.64 million.
As published in a research note from Wells Fargo on September 19, 2024, Clear Channel Outdoor Holdings Inc [CCO] has been rated down from an Overweight to an Equal weight and the price target has been revised to $1.75 from $2.75. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of July 08, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for CCO. Earlier on November 11, 2021, Barrington Research upgraded its rating. Their new recommendation was “an Outperform” for CCO stock which previously was a “a Mkt perform”.
Analyzing CCO Stock Performance
Over the course of the year, Clear Channel Outdoor Holdings Inc shares have dropped approximately -5.84%. Shares of the company reached a 52-week high of $1.5400 on 01/15/25 and a 52-week low of $1.1850 on 02/28/25. A 50-day SMA is recorded $1.3854, while a 200-day SMA reached $1.4929.
Support And Resistance Levels for Clear Channel Outdoor Holdings Inc (CCO)
According to the 24-hour chart, there is a support level at 1.2567, which, if violated, would cause prices to drop to 1.2233. In the upper region, resistance lies at 1.3167. The next price resistance is at 1.3433. RSI (Relative Strength Index) is 43.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0555, which suggests the price will decrease in the coming days. Percent R is at 68.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
