Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scansource, Inc. shares valued at $1,116,595 were sold by BAUR MICHAEL L on Jul 10 ’24. At $42.39 per share, BAUR MICHAEL L sold 26,341 shares. The insider’s holdings dropped to 118,080 shares worth approximately $5.71 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BAUR MICHAEL L sold 7,798 shares, netting a total of over 341,662 in proceeds. Following the sale of shares at $43.81 each, the insider now holds 118,080 shares.
Before that, BAUR MICHAEL L had sold 34,203 shares from its account. In a trade valued at $1,453,285, the CEO & Chairman of the Board traded Scansource, Inc. shares for $42.49 each. Upon closing the transaction, the insider’s holdings decreased to 34,203 shares, worth approximately $5.71 million.
As published in a research note from Raymond James on August 15, 2024, Scansource, Inc. [SCSC] has been rated down from an Outperform to a Mkt perform. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of August 23, 2023, Northcoast has increased its “Neutral” rating to a “Buy” for SCSC. Earlier on May 24, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for SCSC stock which previously was a “a Buy”.
Analyzing SCSC Stock Performance
During the last five days, there has been a surge of approximately 0.94%. Over the course of the year, Scansource, Inc. shares have jumped approximately 22.07%. Shares of the company reached a 52-week high of $53.28 on 07/31/24 and a 52-week low of $31.01 on 02/06/24. A 50-day SMA is recorded $47.18, while a 200-day SMA reached $42.85. Nevertheless, trading volume fell to 0.29 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Scansource, Inc. (SCSC)
According to the 24-hour chart, there is a support level at 47.85, which, if violated, would cause prices to drop to 47.34. In the upper region, resistance lies at 48.93. The next price resistance is at 49.50. RSI (Relative Strength Index) is 48.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 55.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
