Core & Main Inc’s filing revealed that its Chief Financial Officer Witkowski Mark R unloaded Company’s shares for reported $2.93 million on Apr 08 ’24. In the deal valued at $58.51 per share,50,000 shares were sold. As a result of this transaction, Witkowski Mark R now holds 23,898 shares worth roughly $1.35 million.
Then, Whittenburg Mark G sold 50,000 shares, generating $2,895,605 in total proceeds. Upon selling the shares at $57.91, the General Counsel and Secretary now owns 12,933 shares.
Before that, Stephens John Weldon sold 15,000 shares. Core & Main Inc shares valued at $868,706 were divested by the Chief Accounting Officer at a price of $57.91 per share. As a result of the transaction, Stephens John Weldon now holds 4,281 shares, worth roughly $0.24 million.
Citigroup downgraded its Core & Main Inc [CNM] rating to a Neutral from a a Buy in a research note published on April 05, 2024; the price target was increased to $64 from $63. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wolfe Research also remained covering CNM and has increased its forecast on October 12, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Northcoast started covering the stock on June 13, 2023. It rated CNM as “a Buy”.
Price Performance Review of CNM
On Friday, Core & Main Inc [NYSE:CNM] saw its stock fall -1.47% to $56.34. Over the last five days, the stock has lost -4.91%. Core & Main Inc shares have risen nearly 39.42% since the year began. Nevertheless, the stocks have risen 128.65% over the past one year. While a 52-week high of $60.83 was reached on 04/04/24, a 52-week low of $23.14 was recorded on 01/04/24. SMA at 50 days reached $50.35, while 200 days put it at $37.71. A total of 1.18 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 55.96, which if violated will result in even more drops to 55.58. On the upside, there is a resistance level at 56.90. A further resistance level may holdings at 57.46. The Relative Strength Index (RSI) on the 14-day chart is 56.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.53%. Stochastics %K at 19.68% indicates the stock is a buying.
The most recent change occurred on February 14, 2023 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
