Clear Channel Outdoor Holdings Inc’s filing revealed that its Director MORELAND W BENJAMIN acquired Company’s shares for reported $1.01 million on Feb 28 ’25. In the deal valued at $1.26 per share,800,000 shares were bought. As a result of this transaction, MORELAND W BENJAMIN now holds 2,510,821 shares worth roughly $3.21 million.
Then, WELLS SCOTT bought 50,000 shares, generating $63,000 in total proceeds. Upon buying the shares at $1.26, the Chief Executive Officer now owns 3,525,144 shares.
Before that, MORENO ARTURO R bought 250,000 shares. Clear Channel Outdoor Holdings Inc shares valued at $365,000 were divested by the 10% Owner at a price of $1.46 per share. As a result of the transaction, MORENO ARTURO R now holds 52,432,534 shares, worth roughly $67.11 million.
Wells Fargo downgraded its Clear Channel Outdoor Holdings Inc [CCO] rating to an Equal weight from a an Overweight in a research note published on September 19, 2024; the price target was decreased to $1.75 from $2.75. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Wells Fargo also remained covering CCO and has decreased its forecast on July 08, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Barrington Research revised its rating on November 11, 2021. It rated CCO as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of CCO
On Friday, Clear Channel Outdoor Holdings Inc [NYSE:CCO] saw its stock jump 0.79% to $1.28. Over the last five days, the stock has gained 2.40%. Clear Channel Outdoor Holdings Inc shares have fallen nearly -6.57% since the year began. Nevertheless, the stocks have fallen -25.58% over the past one year. While a 52-week high of $1.88 was reached on 01/15/25, a 52-week low of $1.18 was recorded on 02/28/25. SMA at 50 days reached $1.3808, while 200 days put it at $1.4901.
Levels Of Support And Resistance For CCO Stock
The 24-hour chart illustrates a support level at 1.2467, which if violated will result in even more drops to 1.2133. On the upside, there is a resistance level at 1.3167. A further resistance level may holdings at 1.3533. The Relative Strength Index (RSI) on the 14-day chart is 42.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0314, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.64%. Stochastics %K at 28.36% indicates the stock is a holding.
