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CDW Corp (CDW) Becoming More Attractive for Investors

CDW Corp’s filing revealed that its insider LEAHY CHRISTINE A acquired Company’s shares for reported $0.26 million on Aug 01 ’24. In the deal valued at $216.15 per share,1,200 shares were bought. As a result of this transaction, LEAHY CHRISTINE A now holds 102,200 shares worth roughly $23.13 million.

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Then, MIRALLES ALBERT JOSEPH JR bought 1,050 shares, generating $227,449 in total proceeds. Upon buying the shares at $216.62, the insider now owns 16,876 shares.

Before that, Chawla Sona sold 18,437 shares. CDW Corp shares valued at $4,433,120 were divested by the insider at a price of $240.45 per share. As a result of the transaction, Chawla Sona now holds 22,428 shares, worth roughly $5.08 million.

Northcoast upgraded its CDW Corp [CDW] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal-weight”. UBS began covering CDW with “Buy” recommendation on October 03, 2023. Barclays started covering the stock on July 18, 2023. It rated CDW as “an Equal weight”.

Price Performance Review of CDW

On Monday, CDW Corp [NASDAQ:CDW] saw its stock fall -0.11% to $226.30. Over the last five days, the stock has gained 0.98%. CDW Corp shares have fallen nearly -0.45% since the year began. Nevertheless, the stocks have risen 11.54% over the past one year. While a 52-week high of $263.37 was reached on 04/04/24, a 52-week low of $185.04 was recorded on 08/05/24. SMA at 50 days reached $221.19, while 200 days put it at $230.02.

Levels Of Support And Resistance For CDW Stock

The 24-hour chart illustrates a support level at 224.41, which if violated will result in even more drops to 222.51. On the upside, there is a resistance level at 227.67. A further resistance level may holdings at 229.04. The Relative Strength Index (RSI) on the 14-day chart is 55.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.78%. Stochastics %K at 83.95% indicates the stock is a selling.

How much short interest is there in CDW Corp?

A steep rise in short interest was recorded in CDW Corp stocks on 2024-09-13, growing by 0.51 million shares to a total of 3.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.22 million shares. There was a rise of 13.66%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 30, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $205 price target.

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