Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CDW Corp shares valued at $7,529,302 were sold by CORLEY CHRISTINA M on Dec 14 ’23. At $220.94 per share, CORLEY CHRISTINA M sold 34,079 shares. The insider’s holdings dropped to 62,536 shares worth approximately $14.78 million following the completion of this transaction.
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Also, CORLEY CHRISTINA M sold 700 shares, netting a total of over 154,007 in proceeds. Following the sale of shares at $220.01 each, the insider now holds 62,536 shares.
Before that, CORLEY CHRISTINA M had sold 48,320 shares from its account. In a trade valued at $10,496,614, the insider traded CDW Corp shares for $217.23 each. Upon closing the transaction, the insider’s holdings decreased to 48,320 shares, worth approximately $14.78 million.
As published in a research note from Morgan Stanley on December 12, 2023, CDW Corp [CDW] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $216. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of July 18, 2023, Barclays has initiated its “an Equal weight” rating for CDW. Earlier on June 30, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for CDW stock.
Analyzing CDW Stock Performance
During the last five days, there has been a surge of approximately 5.74%. Over the course of the year, CDW Corp shares have jumped approximately 3.94%. Shares of the company reached a 52-week high of $263.37 on 04/04/24 and a 52-week low of $212.72 on 01/08/24. A 50-day SMA is recorded $239.68, while a 200-day SMA reached $223.17. Nevertheless, trading volume fell to 1.16 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for CDW Corp (CDW)
According to the 24-hour chart, there is a support level at 232.94, which, if violated, would cause prices to drop to 229.62. In the upper region, resistance lies at 238.06. The next price resistance is at 239.86. RSI (Relative Strength Index) is 57.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.52, which suggests the price will increase in the coming days. Percent R is at 1.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
