Scansource, Inc.’s recent filing unveils that its Director BROWNING PETER C unloaded Company’s shares for reported $0.31 million on Feb 21 ’24. In the deal valued at $41.17 per share,7,500 shares were sold. As a result of this transaction, BROWNING PETER C now holds 30,249 shares worth roughly $1.22 million.
Then, BAUR MICHAEL L sold 30,677 shares, generating $1,165,419 in total proceeds. Upon selling the shares at $37.99, the CEO & Chair of the Board now owns 127,133 shares.
Before that, BROWNING PETER C sold 2,000 shares. Scansource, Inc. shares valued at $78,600 were divested by the Director at a price of $39.30 per share. As a result of the transaction, BROWNING PETER C now holds 37,749 shares, worth roughly $1.52 million.
Northcoast downgraded its Scansource, Inc. [SCSC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Northcoast also remained covering SCSC and has decreased its forecast on May 24, 2023 with a “Neutral” recommendation from previously “Buy” rating. Northcoast revised its rating on July 28, 2021. It rated SCSC as “a Buy” which previously was an “a Neutral”.
Price Performance Review of SCSC
On Tuesday, Scansource, Inc. [NASDAQ:SCSC] saw its stock fall -0.54% to $40.37. Over the last five days, the stock has lost -2.93%. Scansource, Inc. shares have risen nearly 1.92% since the year began. Nevertheless, the stocks have risen 35.61% over the past one year. While a 52-week high of $45.10 was reached on 03/08/24, a 52-week low of $26.14 was recorded on 02/06/24. SMA at 50 days reached $41.90, while 200 days put it at $35.11. A total of 0.32 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For SCSC Stock
The 24-hour chart illustrates a support level at 40.10, which if violated will result in even more drops to 39.82. On the upside, there is a resistance level at 40.64. A further resistance level may holdings at 40.90. The Relative Strength Index (RSI) on the 14-day chart is 37.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.27%. Stochastics %K at 9.87% indicates the stock is a buying.
