Clear Channel Outdoor Holdings Inc. (NYSE:CCO) shares, rose in value, with the stock price down by -4.00% to the previous day’s close as strong demand from buyers drove the stock to $1.44.
Actively observing the price movement in the last trading, the stock closed the session at $1.50. Referring to stock’s 52-week performance, its high was $2.06, and the low was $0.99. On the whole, CCO has fluctuated by -7.69% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CCO currently trading nearly -7.43% and -13.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.41, while the 7-day volatility ratio is showing 5.22% which for the 30-day chart, stands at 5.07%. Furthermore, Clear Channel Outdoor Holdings Inc. (CCO)’s beta value is 2.91, and its average true range (ATR) is 0.09.
A comparison of Clear Channel Outdoor Holdings Inc. (CCO) with its peers suggests the former has fared considerably weaker in the market. CCO showed an intraday change of -4.00% in last session, and over the past year, it grew by 16.13%%.
Data on historical trading for Clear Channel Outdoor Holdings Inc. (NYSE:CCO) indicates that the trading volumes over the past 3 months, they’ve averaged 2.40 million. According to company’s latest data on outstanding shares, there are 483.06 million shares outstanding.
Nearly 13.16% of Clear Channel Outdoor Holdings Inc.’s shares belong to company insiders and institutional investors own 88.52% of the company’s shares. The stock has fallen by -20.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCO stock heading into the next quarter.
