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.
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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 their initiating research note from Wells Fargo on September 23, 2024, Core & Main Inc [CNM] has been an Overweight and the price target has been revised to $52. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of January 08, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CNM. Earlier on October 12, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CNM stock which previously was a “a Peer perform”.
Analyzing CNM Stock Performance
During the last five days, there has been a drop of approximately -1.06%. Over the course of the year, Core & Main Inc shares have jumped approximately 8.34%. 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 $46.88, while a 200-day SMA reached $49.22. Nevertheless, trading volume fell to 1.84 million shares from 2.4 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 43.45, which, if violated, would cause prices to drop to 43.13. In the upper region, resistance lies at 44.02. The next price resistance is at 44.27. RSI (Relative Strength Index) is 46.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 41.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
