Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. iHeartMedia Inc shares valued at $243,920 were purchased by PITTMAN ROBERT W on May 15 ’25. At $1.22 per share, PITTMAN ROBERT W acquired 200,000 shares. The insider’s holdings grew to 4,441,389 shares worth approximately $5.55 million following the completion of this transaction.
Also, BRESSLER RICHARD J purchased 100,000 shares, netting a total of over 178,820 in proceeds. Following the buying of shares at $1.79 each, the insider now holds 3,617,764 shares.
Before that, PITTMAN ROBERT W had added 200,000 shares to its account. In a trade valued at $320,040, the Chairman and CEO bought iHeartMedia Inc shares for $1.60 each. Upon closing the transaction, the insider’s holdings increased to 200,000 shares, worth approximately $5.3 million.
As published in a research note from BofA Securities on November 12, 2024, iHeartMedia Inc [IHRT] has been rated up from an Underperform to a Neutral and the price target has been revised to $3 from $1. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late March. As of March 01, 2023, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for IHRT. Earlier on March 01, 2023, Barrington Research downgraded its rating. Their new recommendation was “a Mkt perform” for IHRT stock which previously was a “an Outperform”.
Analyzing IHRT Stock Performance
During the last five days, there has been a surge of approximately 7.76%. Over the course of the year, iHeartMedia Inc shares have dropped approximately -36.87%. Shares of the company reached a 52-week high of $2.4750 on 01/21/25 and a 52-week low of $0.9500 on 04/21/25. A 50-day SMA is recorded $1.3010, while a 200-day SMA reached $1.8012.
Support And Resistance Levels for iHeartMedia Inc (IHRT)
According to the 24-hour chart, there is a support level at 1.2043, which, if violated, would cause prices to drop to 1.1585. In the upper region, resistance lies at 1.3315. The next price resistance is at 1.4129. RSI (Relative Strength Index) is 51.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0964, which suggests the price will decrease in the coming days. Percent R is at 55.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
