The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CDW Corp shares valued at $5,964,625 were sold by Chawla Sona on Jun 18 ’24. At $230.17 per share, Chawla Sona sold 25,914 shares. The insider’s holdings dropped to 22,428 shares worth approximately $4.89 million following the completion of this transaction.
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Also, CORLEY CHRISTINA M sold 34,079 shares, netting a total of over 7,529,302 in proceeds. Following the sale of shares at $220.94 each, the insider now holds 62,536 shares.
Before that, CORLEY CHRISTINA M had sold 700 shares from its account. In a trade valued at $154,007, the insider traded CDW Corp shares for $220.01 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $13.64 million.
As published in a research note from Northcoast on June 07, 2024, CDW Corp [CDW] has been rated up from a Neutral to a Buy. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid December. As of October 03, 2023, UBS has initiated its “Buy” rating for CDW. Earlier on July 18, 2023, Barclays initiated its rating. Their recommendation was “an Equal weight” for CDW stock.
Analyzing CDW Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, CDW Corp shares have dropped approximately -4.05%. 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 $226.51, while a 200-day SMA reached $225.76. Nevertheless, trading volume fell to 0.65 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 216.45, which, if violated, would cause prices to drop to 214.79. In the upper region, resistance lies at 219.88. The next price resistance is at 221.65. RSI (Relative Strength Index) is 37.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.64, which suggests the price will decrease in the coming days. Percent R is at 92.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
