iHeartMedia Inc’s filing revealed that its insider BRESSLER RICHARD J acquired Company’s shares for reported $0.18 million on Mar 07 ’25. In the deal valued at $1.79 per share,100,000 shares were bought. As a result of this transaction, BRESSLER RICHARD J now holds 3,617,764 shares worth roughly $5.82 million.
Then, PITTMAN ROBERT W bought 200,000 shares, generating $320,040 in total proceeds. Upon buying the shares at $1.60, the Chairman and CEO now owns 4,241,389 shares.
Before that, Rasulo James A sold 40,223 shares. iHeartMedia Inc shares valued at $96,406 were divested by the Director at a price of $2.40 per share. As a result of the transaction, Rasulo James A now holds 339,322 shares, worth roughly $0.55 million.
BofA Securities upgraded its iHeartMedia Inc [IHRT] rating to a Neutral from a an Underperform in a research note published on November 12, 2024; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underperform”. JP Morgan also remained covering IHRT and has decreased its forecast on March 01, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Barrington Research revised its rating on March 01, 2023. It rated IHRT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of IHRT
On Friday, iHeartMedia Inc [NASDAQ:IHRT] saw its stock jump 3.87% to $1.61. Over the last five days, the stock has lost -12.02%. iHeartMedia Inc shares have fallen nearly -18.69% since the year began. Nevertheless, the stocks have fallen -27.15% over the past one year. While a 52-week high of $2.84 was reached on 01/21/25, a 52-week low of $0.81 was recorded on 03/05/25. SMA at 50 days reached $2.0851, while 200 days put it at $1.7882.
Levels Of Support And Resistance For IHRT Stock
The 24-hour chart illustrates a support level at 1.5533, which if violated will result in even more drops to 1.4967. On the upside, there is a resistance level at 1.6483. A further resistance level may holdings at 1.6867. The Relative Strength Index (RSI) on the 14-day chart is 37.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1939, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.12%. Stochastics %K at 13.41% indicates the stock is a buying.
How much short interest is there in iHeartMedia Inc?
A steep rise in short interest was recorded in iHeartMedia Inc stocks on 2025-02-28, growing by 0.24 million shares to a total of 6.7 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 6.45 million shares. There was a rise of 3.62%, which implies that there is a positive sentiment for the stock.
