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 $498 were purchased by SIVARAMAKRISHNAN KAMAKSHI on Feb 28 ’25. At $1.70 per share, SIVARAMAKRISHNAN KAMAKSHI acquired 292 shares. The insider’s holdings grew to 153 shares worth approximately $266.21999999999997 following the completion of this transaction.
Also, SIVARAMAKRISHNAN KAMAKSHI purchased 197 shares, netting a total of over 347 in proceeds. Following the buying of shares at $1.76 each, the insider now holds 336 shares.
Before that, SIVARAMAKRISHNAN KAMAKSHI had added 168 shares to its account. In a trade valued at $284, the Director bought iHeartMedia Inc shares for $1.69 each. Upon closing the transaction, the insider’s holdings increased to 168 shares, worth approximately $558.54.
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 23.40%. Over the course of the year, iHeartMedia Inc shares have dropped approximately -12.12%. 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.
Support And Resistance Levels for iHeartMedia Inc (IHRT)
According to the 24-hour chart, there is a support level at 1.6867, which, if violated, would cause prices to drop to 1.6333. In the upper region, resistance lies at 1.8267. The next price resistance is at 1.9133. RSI (Relative Strength Index) is 70.60 on the 14-day chart, showing overbought technical sentiment.
