Core & Main Inc’s recent filing unveils that its Director Gipson Dennis G unloaded Company’s shares for reported $1.33 million on Jul 16 ’24. In the deal valued at $53.08 per share,25,000 shares were sold. As a result of this transaction, Gipson Dennis G now holds 0 shares worth roughly $0.0.
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Then, Castellano James G sold 12,500 shares, generating $652,786 in total proceeds. Upon selling the shares at $52.22, the Director now owns 0 shares.
Before that, Castellano James G sold 12,300 shares. Core & Main Inc shares valued at $623,569 were divested by the Director at a price of $50.70 per share. As a result of the transaction, Castellano James G now holds 0 shares, worth roughly $0.0.
Citigroup downgraded its Core & Main Inc [CNM] rating to a Neutral from a a Buy in a research note published on April 05, 2024; the price target was increased to $64 from $63. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wolfe Research also remained covering CNM and has increased its forecast on October 12, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Northcoast started covering the stock on June 13, 2023. It rated CNM as “a Buy”.
Price Performance Review of CNM
On Monday, Core & Main Inc [NYSE:CNM] saw its stock fall -0.25% to $50.90. Over the last five days, the stock has gained 3.90%. Core & Main Inc shares have risen nearly 25.96% since the year began. Nevertheless, the stocks have risen 64.46% over the past one year. While a 52-week high of $62.15 was reached on 05/16/24, a 52-week low of $27.75 was recorded on 01/04/24. SMA at 50 days reached $50.27, while 200 days put it at $47.64.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 50.53, which if violated will result in even more drops to 50.15. On the upside, there is a resistance level at 51.53. A further resistance level may holdings at 52.15. The Relative Strength Index (RSI) on the 14-day chart is 51.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.96%. Stochastics%K at 62.16% indicates the stock is a holding.
How much short interest is there in Core & Main Inc?
A steep rise in short interest was recorded in Core & Main Inc stocks on 2024-07-31, dropping by -0.42 million shares to a total of 7.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 7.99 million shares. There was a decline of -5.56%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 14, 2023 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
