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Monitoring CDW Corp (CDW) after recent insider movements

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 $15.38 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 $15.38 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 jump 1.52% to $245.94. Over the last five days, the stock has gained 3.49%. CDW Corp shares have risen nearly 8.19% since the year began. Nevertheless, the stocks have risen 46.37% over the past one year. While a 52-week high of $263.37 was reached on 04/04/24, a 52-week low of $162.59 was recorded on 01/08/24. SMA at 50 days reached $247.05, while 200 days put it at $220.35. A total of 0.53 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For CDW Stock

The 24-hour chart illustrates a support level at 243.77, which if violated will result in even more drops to 241.61. On the upside, there is a resistance level at 247.06. A further resistance level may holdings at 248.19. The Relative Strength Index (RSI) on the 14-day chart is 52.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.04%. Stochastics %K at 48.91% indicates the stock is a holding.

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