Concentrix Corp.’s recent filing unveils that its EVP, Legal Fogarty Jane acquired Company’s shares for reported $17853.0 on Jan 30 ’24. In the deal valued at $89.27 per share,200 shares were bought. As a result of this transaction, Fogarty Jane now holds 5,388 shares worth roughly $0.34 million.
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Then, Fogarty Jane bought 200 shares, generating $15,476 in total proceeds. Upon buying the shares at $77.38, the EVP, Legal now owns 5,495 shares.
Before that, POLK DENNIS sold 1,183 shares. Concentrix Corp. shares valued at $96,284 were divested by the Director at a price of $81.39 per share. As a result of the transaction, POLK DENNIS now holds 16,293 shares, worth roughly $1.01 million.
Redburn Atlantic initiated its Concentrix Corp. [CNXC] rating to a Neutral in a research note published on September 06, 2023; the price target was $70. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late August with a ‘”a Sector outperform”‘ rating. BofA Securities also remained covering CNXC and has decreased its forecast on June 29, 2023 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity started covering the stock on April 12, 2023. It rated CNXC as “a Buy”.
Price Performance Review of CNXC
On Tuesday, Concentrix Corp. [NASDAQ:CNXC] saw its stock fall -0.61% to $62.23. Over the last five days, the stock has gained 3.58%. Concentrix Corp. shares have fallen nearly -36.64% since the year began. Nevertheless, the stocks have fallen -47.10% over the past one year. While a 52-week high of $125.80 was reached on 01/24/24, a 52-week low of $59.23 was recorded on 03/18/24. SMA at 50 days reached $79.16, while 200 days put it at $82.48. A total of 0.57 million shares were traded, compared to the trading of 0.44 million shares in the previous session.
Levels Of Support And Resistance For CNXC Stock
The 24-hour chart illustrates a support level at 61.40, which if violated will result in even more drops to 60.57. On the upside, there is a resistance level at 63.39. A further resistance level may holdings at 64.55. The Relative Strength Index (RSI) on the 14-day chart is 31.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.12%. Stochastics %K at 26.76% indicates the stock is a holding.
How much short interest is there in Concentrix Corp.?
A steep rise in short interest was recorded in Concentrix Corp. stocks on Feb 29, 2024, growing by 90000.0 shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.0 million shares. There was a rise of 4.31%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.36% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.16.
The most recent change occurred on June 15, 2021 when Barrington Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $182 price target.
