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SHENBullishCorporate Developmentsnews
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Shenandoah Telecommunications: Positioned For Strong Future Growth

Jul 25, 2024, 1:56 PM EDT1 sourcesAI-analyzed

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SHEN shares fell 50% but rebounded 68% by June 2024. Insider buying totaled $840,000, indicating strong confidence in SHEN's future. Glo Fiber expansion aims for 600,000 new passings by 2026, promising growth. Q1 2024 showed a 62% YOY increase in Glo Fiber customers. T-Mobile decommissioning affects revenue, but overall outlook remains positive.

  • SHEN shares fell 50% but rebounded 68% by June 2024.
  • Insider buying totaled $840,000, indicating strong confidence in SHEN's future.
  • Glo Fiber expansion aims for 600,000 new passings by 2026, promising growth.
  • Q1 2024 showed a 62% YOY increase in Glo Fiber customers.
  • T-Mobile decommissioning affects revenue, but overall outlook remains positive.

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