Concentrix Corp.’s filing revealed that its President and CEO Caldwell Christopher A acquired Company’s shares for reported $49131.0 on Apr 19 ’24. In the deal valued at $54.59 per share,900 shares were bought. As a result of this transaction, Caldwell Christopher A now holds 239,128 shares worth roughly $13.2 million.
Then, Fogarty Jane bought 400 shares, generating $24,416 in total proceeds. Upon buying the shares at $61.04, the EVP, Legal now owns 10,492 shares.
Before that, Hayley Kathryn bought 379 shares. Concentrix Corp. shares valued at $25,000 were divested by the Director at a price of $65.96 per share. As a result of the transaction, Hayley Kathryn now holds 2,534 shares, worth roughly $0.14 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 Monday, Concentrix Corp. [NASDAQ:CNXC] saw its stock jump 0.02% to $55.20. Over the last five days, the stock has lost -3.92%. Concentrix Corp. shares have fallen nearly -43.79% since the year began. Nevertheless, the stocks have fallen -48.94% over the past one year. While a 52-week high of $110.49 was reached on 01/24/24, a 52-week low of $54.22 was recorded on 04/22/24. SMA at 50 days reached $67.29, while 200 days put it at $80.37. A total of 0.54 million shares were traded, compared to the trading of 0.45 million shares in the previous session.
Levels Of Support And Resistance For CNXC Stock
The 24-hour chart illustrates a support level at 54.33, which if violated will result in even more drops to 53.47. On the upside, there is a resistance level at 55.89. A further resistance level may holdings at 56.59. The Relative Strength Index (RSI) on the 14-day chart is 32.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.80%. Stochastics %K at 9.11% indicates the stock is a buying.
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.
