In yesterday’s Wall Street session, Clear Channel Outdoor Holdings Inc (NYSE:CCO) shares traded at $1.47, down -2.00% from the previous session.
CCO stock price is now -5.96% away from the 50-day moving average and -6.50% away from the 200-day moving average. The market capitalization of the company currently stands at $718.75M.
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With the price target reduced from $2.75 to $1.75, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Clear Channel Outdoor Holdings Inc (NYSE: CCO). On December 20, 2023, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $1.50 to quote $2.75, while ‘Barrington Research’ rates the stock as ‘Outperform’
In other news, PACIFIC INVESTMENT MANAGEMENT , 10% Owner sold 46,959 shares of the company’s stock on Jul 30 ’24. The stock was sold for $79,361 at an average price of $1.69. Upon completion of the transaction, the 10% Owner now directly owns 104,812,998 shares in the company, valued at $154.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 10 ’24, 10% Owner PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares of the business’s stock. A total of $19,505 was realized by selling the stock at an average price of $1.55. This leaves the insider owning 104,859,957 shares of the company worth $154.14 million. A total of 28.12% of the company’s stock is owned by insiders.
During the past 12 months, Clear Channel Outdoor Holdings Inc has had a low of $1.04 and a high of $2.06. The fifty day moving average price for CCO is $1.5632 and a two-hundred day moving average price translates $1.5722 for the stock.
The latest earnings results from Clear Channel Outdoor Holdings Inc (NYSE: CCO) was released for 2024-06-30. The company reported revenue of $558.54 million for the quarter, compared to $530.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.22 percent.
