CDW Corp’s recent filing unveils that its insider CORLEY CHRISTINA M unloaded Company’s shares for reported $7.53 million on Dec 14 ’23. In the deal valued at $220.94 per share,34,079 shares were sold. As a result of this transaction, CORLEY CHRISTINA M now holds 62,536 shares worth roughly $15.9 million.
Then, CORLEY CHRISTINA M sold 700 shares, generating $154,007 in total proceeds. Upon selling the shares at $220.01, the insider now owns 62,536 shares.
Before that, CORLEY CHRISTINA M sold 48,320 shares. CDW Corp shares valued at $10,496,614 were divested by the insider at a price of $217.23 per share. As a result of the transaction, CORLEY CHRISTINA M now holds 62,536 shares, worth roughly $15.9 million.
Morgan Stanley downgraded its CDW Corp [CDW] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Barclays began covering CDW with “an Equal weight” recommendation on July 18, 2023. Citigroup started covering the stock on June 30, 2023. It rated CDW as “a Buy”.
Price Performance Review of CDW
On Monday, CDW Corp [NASDAQ:CDW] saw its stock fall -0.36% to $254.26. Over the last five days, the stock has gained 0.47%. CDW Corp shares have risen nearly 11.85% since the year began. Nevertheless, the stocks have risen 35.27% over the past one year. While a 52-week high of $263.37 was reached on 04/04/24, a 52-week low of $160.66 was recorded on 01/08/24. SMA at 50 days reached $244.96, while 200 days put it at $215.86. A total of 0.56 million shares were traded, compared to the trading of 0.48 million shares in the previous session.
Levels Of Support And Resistance For CDW Stock
The 24-hour chart illustrates a support level at 253.10, which if violated will result in even more drops to 251.95. On the upside, there is a resistance level at 256.37. A further resistance level may holdings at 258.49. The Relative Strength Index (RSI) on the 14-day chart is 57.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.16%. Stochastics %K at 49.49% indicates the stock is a holding.
How much short interest is there in CDW Corp?
A steep rise in short interest was recorded in CDW Corp stocks on Mar 15, 2024, growing by 0.37 million shares to a total of 2.65 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.28 million shares. There was a rise of 13.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.25% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.16.
