While this happened, Wells Fargo downgraded its E.W. Scripps Co [SSP] rating to an Equal weight from a an Overweight in a research note published on November 09, 2022; the price target was decreased to $11 from $20. The Benchmark Company also remained covering SSP and reiterated its “Buy” recommendation on November 11, 2019. The Benchmark Company maintained its rating on March 04, 2019. It rated SSP as “a Buy”.
Price Performance Review of SSP
On Tuesday, E.W. Scripps Co [NASDAQ:SSP] saw its stock jump 4.21% to $2.23. Over the last five days, the stock has gained 7.21%. E.W. Scripps Co shares have risen nearly 0.90% since the year began. Nevertheless, the stocks have fallen -39.57% over the past one year. While a 52-week high of $4.65 was reached on 03/26/25, a 52-week low of $1.36 was recorded on 03/11/25. SMA at 50 days reached $2.26, while 200 days put it at $2.32.
Levels Of Support And Resistance For SSP Stock
The 24-hour chart illustrates a support level at 2.12, which if violated will result in even more drops to 2.02. On the upside, there is a resistance level at 2.31. A further resistance level may holdings at 2.40. The Relative Strength Index (RSI) on the 14-day chart is 47.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics %K at 33.06% indicates the stock is a holding.
How much short interest is there in E.W. Scripps Co?
A steep rise in short interest was recorded in E.W. Scripps Co stocks on 2025-04-15, dropping by -0.41 million shares to a total of 2.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 2.64 million shares. There was a decline of -18.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 27, 2018 when Gabelli & Co began covering the stock and recommended ‘”a Buy”‘ rating .
