CDW (CDW Corporation) may reap gains as insiders became active recently


In a filing, CDW Corporation revealed its Director ZARCONE DONNA F unloaded Company’s shares for reported $0.96 million on Feb 09. In the deal valued at $203.23 per share,4,703 shares were sold. As a result of this transaction, ZARCONE DONNA F now holds 18,058 shares worth roughly $ 3.66 million.

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Then, LEAHY CHRISTINE A bought 2,900 shares, generating $491,150 in total proceeds. Upon buying the shares at $169.36, the insider now owns 50,131 shares.

Before that, MIRALLES ALBERT JOSEPH JR bought 1,475 shares. CDW Corporation shares valued at $250,602 were divested by the insider at a price of $169.90 per share. As a result of the transaction, MIRALLES ALBERT JOSEPH JR now holds 16,313 shares, worth roughly $3.3 million.

Credit Suisse initiated its CDW Corporation [CDW] rating to an Outperform in a research note published on Monday, August 17, 2022; the price target was $202. PT values the company’s stock at a premium of -0.26 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “an Overweight”. Stifel also remained covering CDW and has increased its forecast on April 14, 2022 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on March 31, 2022. It rated CDW as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of CDW

On Monday, CDW Corporation [NASDAQ:CDW] saw its stock to $202.52. On the same session, the stock had its day’s lowest price of $201.63, but rose to a high of $204.55. Over the last five days, the stock has lost -5.33%. CDW Corporation shares have risen nearly 13.41% since the year began. Nevertheless, the stocks have risen 18.23% over the past one year. While a 52-week high of $215.00 was reached on 02/17/23, a 52-week low of $147.91 was recorded on 01/05/23. SMA at 50 days reached $193.72, while 200 days put it at $176.79. A total of 0.69 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For CDW Stock

The 24-hour chart illustrates a support level at 201.25, which if violated will result in even more drops to 199.98. On the upside, there is a resistance level at 204.17. A further resistance level may holdings at 205.82. The Relative Strength Index (RSI) on the 14-day chart is 51.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.22%. Stochastics %K at 40.34% indicates the stock is a holding.

How much short interest is there in CDW Corporation?

A steep rise in short interest was recorded in CDW Corporation stocks on Jan 30, 2023, growing by 0.58 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.03 million shares. There was a rise of 36.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.08.

CDW Corporation [CDW] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,666,959 shares, or roughly 11.57% of the outstanding CDW shares. In other words, the investor’s shares have risen by 153,461 from its previous 13-F filing of 15513498.0. Additionally, BlackRock Fund Advisors increased 3.85% of its stake after which the total value it holdings stand at $1,340,791,292, while Select Equity Group LP reduced -4.38% of its stake to hold $1.33 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -3,357 shares of CDW Corporation, while AllianceBernstein LP sold -249,287 shares. At present, Wellington Management Co. LLP is holding 4,406,389 shares valued at $863.78 million. Fidelity Management & Research Co owned 4,305,495 shares of the company at the time of its most recent 13F filing, worth $844.01 million.

According to FactSet, CDW Corporation’s share price will average $226.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.84 percent from its previous closing price of $202.53. Analysts expect CDW Corporation stock to reach the higher price of $240.00, while the lowest price estimate is $215.00.


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