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CCO’s Market Ups and Downs: What’s Behind the 2023 Stock Performance?

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. Until today this year the stock’s price performance recorded an increase of 43.81%. However, over the last six months, the performance has been weaker by 38.53%. The price of CCO increased 5.59% over the last 30 days. And in the last five days, it has surged by 5.59%.

Clear Channel Outdoor Holdings Inc. (CCO) current stock price is $1.51. During the last trading session, the stock soared, reaching $1.55 after opening at $1.50. The stock’s lowest point was $1.48 before it closed at $1.51.

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In terms of market performance, Clear Channel Outdoor Holdings Inc. had a somewhat inconsistent run in. The highest value for the stock in the past year was $2.14 on 02/03/23, while the lowest value was $0.95 on 11/09/22.

52-week price history of CCO Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Clear Channel Outdoor Holdings Inc.’s current trading price is -29.44% away from its 52-week high, while its distance from the 52-week low is 58.94%. The stock’s price range over this timeframe has been between $0.95 and $2.14. The shares of the Communication Services sector company recorded a trading volume of approximately 14.01 million for the day, which was comparatively higher than the average daily volume of 2.74 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Clear Channel Outdoor Holdings Inc. (CCO) has experienced a quarterly rise of 18.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 729.19M and boasts a workforce of 4700 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.3996, with a change in price of +0.2700. Similarly, Clear Channel Outdoor Holdings Inc. recorded 2,789,769 in trading volume during the last 100 days, posting a change of +21.77%.

CCO Stock Stochastic Average

The raw stochastic average for Clear Channel Outdoor Holdings Inc. over the last 50 days is presently at 35.40%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 83.33%. Further, the company’s Stochastic %K and %D values for the last 20 days were 72.71% and 60.47%, respectively.

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