Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Core & Main Inc shares valued at $1,327,058 were sold by Gipson Dennis G on Jul 16 ’24. At $53.08 per share, Gipson Dennis G sold 25,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 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, Castellano James G sold 12,500 shares, netting a total of over 652,786 in proceeds. Following the sale of shares at $52.22 each, the insider now holds 0 shares.
Before that, Castellano James G had sold 12,300 shares from its account. In a trade valued at $623,569, the Director traded Core & Main Inc shares for $50.70 each. Upon closing the transaction, the insider’s holdings decreased to 12,300 shares, worth approximately $0.0.
As published in a research note from Citigroup on April 05, 2024, Core & Main Inc [CNM] has been rated down from a Buy to a Neutral and the price target has been revised to $64 from $63. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of October 12, 2023, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for CNM. Earlier on June 13, 2023, Northcoast initiated its rating. Their recommendation was “a Buy” for CNM stock.
Analyzing CNM Stock Performance
During the last five days, there has been a surge of approximately 5.05%. Over the course of the year, Core & Main Inc shares have dropped approximately -1.21%. Shares of the company reached a 52-week high of $62.15 on 05/16/24 and a 52-week low of $37.22 on 09/11/24. A 50-day SMA is recorded $48.90, while a 200-day SMA reached $48.73. Nevertheless, trading volume fell to 3.2 million shares from 2.39 million shares the previous day.
Support And Resistance Levels for Core & Main Inc (CNM)
According to the 24-hour chart, there is a support level at 38.97, which, if violated, would cause prices to drop to 38.03. In the upper region, resistance lies at 40.55. The next price resistance is at 41.19. RSI (Relative Strength Index) is 31.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.38, which suggests the price will decrease in the coming days. Percent R is at 84.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
