Scansource, Inc.’s filing revealed that its CEO & Chairman of the Board BAUR MICHAEL L unloaded Company’s shares for reported $0.34 million on Jul 11 ’24. In the deal valued at $43.81 per share,7,798 shares were sold. As a result of this transaction, BAUR MICHAEL L now holds 118,080 shares worth roughly $5.7 million.
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Then, BAUR MICHAEL L sold 26,341 shares, generating $1,116,595 in total proceeds. Upon selling the shares at $42.39, the CEO & Chairman of the Board now owns 118,080 shares.
Before that, BAUR MICHAEL L sold 23,201 shares. Scansource, Inc. shares valued at $977,263 were divested by the CEO & Chairman of the Board at a price of $42.12 per share. As a result of the transaction, BAUR MICHAEL L now holds 118,080 shares, worth roughly $5.7 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 jump 2.27% to $48.31. Over the last five days, the stock has gained 4.03%. Scansource, Inc. shares have risen nearly 21.96% since the year began. Nevertheless, the stocks have risen 66.99% over the past one year. While a 52-week high of $53.28 was reached on 07/31/24, a 52-week low of $26.99 was recorded on 02/06/24. SMA at 50 days reached $46.11, while 200 days put it at $41.50.
Levels Of Support And Resistance For SCSC Stock
The 24-hour chart illustrates a support level at 47.74, which if violated will result in even more drops to 47.17. On the upside, there is a resistance level at 48.62. A further resistance level may holdings at 48.93. The Relative Strength Index (RSI) on the 14-day chart is 53.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.52%. Stochastics%K at 41.20% indicates the stock is a holding.
How much short interest is there in Scansource, Inc.?
A steep rise in short interest was recorded in Scansource, Inc. stocks on
