Concentrix Corp.’s filing revealed that its EVP, Legal Fogarty Jane acquired Company’s shares for reported $24416.0 on Apr 03 ’24. In the deal valued at $61.04 per share,400 shares were bought. As a result of this transaction, Fogarty Jane now holds 10,492 shares worth roughly $0.62 million.
Then, Hayley Kathryn bought 379 shares, generating $25,000 in total proceeds. Upon buying the shares at $65.96, the Director now owns 2,534 shares.
Before that, Fogarty Jane bought 200 shares. Concentrix Corp. shares valued at $17,853 were divested by the EVP, Legal at a price of $89.27 per share. As a result of the transaction, Fogarty Jane now holds 5,388 shares, worth roughly $0.32 million.
BofA Securities downgraded its Concentrix Corp. [CNXC] rating to an Underperform from a a Neutral in a research note published on March 27, 2024; the price target was decreased to $60 from $85. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Scotiabank began covering CNXC with “Sector outperform” recommendation on August 24, 2023. BofA Securities revised its rating on June 29, 2023. It rated CNXC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CNXC
On Friday, Concentrix Corp. [NASDAQ:CNXC] saw its stock fall -1.63% to $59.22. Over the last five days, the stock has gained 0.46%. Concentrix Corp. shares have fallen nearly -39.70% since the year began. Nevertheless, the stocks have fallen -46.98% over the past one year. While a 52-week high of $113.65 was reached on 01/24/24, a 52-week low of $56.81 was recorded on 04/05/24. SMA at 50 days reached $70.91, while 200 days put it at $81.15. A total of 0.66 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For CNXC Stock
The 24-hour chart illustrates a support level at 58.16, which if violated will result in even more drops to 57.11. On the upside, there is a resistance level at 60.10. A further resistance level may holdings at 60.99. The Relative Strength Index (RSI) on the 14-day chart is 38.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.76%. Stochastics %K at 27.03% indicates the stock is a holding.
The most recent change occurred on April 12, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $150 price target.
