The trading price of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) floating lower at last check on Wednesday, July 17, closing at $1.77, -3.53% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $2.06 and a 52-week low of $1.04. Over the past month, the stock has gained 29.56% in value.
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Clear Channel Outdoor Holdings Inc., whose market valuation is $867.46 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CCO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that CCO’s price is currently 17.90% off the SMA20 and 19.30% off the SMA50. The RSI metric on the 14-day chart is currently showing 73.09, and weekly volatility stands at 4.69%. When measured over the past 30 days, the indicator reaches 3.82%. Clear Channel Outdoor Holdings Inc. (NYSE:CCO)’s beta value is currently sitting at 3.14, while the Average True Range indicator is currently displaying 0.07.
To see how Clear Channel Outdoor Holdings Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: CCO stock’s performance was -3.53% at last check in today’s session, and 5.03% in the past year.
An evaluation of the daily trading volume of Clear Channel Outdoor Holdings Inc. (NYSE:CCO) indicates that the 3-month average is 1.69 million.
Currently, records show that 483.06 million of the company’s shares remain outstanding. The insiders hold 27.71% of outstanding shares, whereas institutions hold 72.65%. However, since the stock’s price has seen -2.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
