Concentrix Corp.’s recently made public that its President and CEO Caldwell Christopher A unloaded Company’s shares for reported $0.52 million on Oct 04 ’24. In the deal valued at $52.70 per share,9,823 shares were sold. As a result of this transaction, Caldwell Christopher A now holds 241,841 shares worth roughly $12.07 million.
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
Then, Caldwell Christopher A bought 9,823 shares, generating $507,849 in total proceeds.
Before that, Twomey Cormac J sold 1,544 shares. Concentrix Corp. shares valued at $79,331 were divested by the EVP, Global Ops & Delivery at a price of $51.38 per share. As a result of the transaction, Twomey Cormac J now holds 27,783 shares, worth roughly $1.39 million.
Robert W. Baird initiated its Concentrix Corp. [CNXC] rating to an Outperform in a research note published on October 03, 2024; the price target was $70. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late August from “an Underperform” to “a Neutral”. BofA Securities also remained covering CNXC and has decreased its forecast on March 27, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Redburn Atlantic started covering the stock on September 06, 2023. It rated CNXC as “a Neutral”.
Price Performance Review of CNXC
On Tuesday, Concentrix Corp. [NASDAQ:CNXC] saw its stock jump 1.42% to $49.92. Over the last five days, the stock has gained 2.42%. Concentrix Corp. shares have fallen nearly -49.17% since the year began. Nevertheless, the stocks have fallen -36.93% over the past one year. While a 52-week high of $106.10 was reached on 01/24/24, a 52-week low of $45.61 was recorded on 10/10/24. SMA at 50 days reached $62.96, while 200 days put it at $68.33.
Levels Of Support And Resistance For CNXC Stock
The 24-hour chart illustrates a support level at 49.22, which if violated will result in even more drops to 48.51. On the upside, there is a resistance level at 50.47. A further resistance level may holdings at 51.01. The Relative Strength Index (RSI) on the 14-day chart is 32.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.82%. Stochastics %K at 23.13% indicates the stock is a holding.
How much short interest is there in Concentrix Corp.?
A steep rise in short interest was recorded in Concentrix Corp. stocks on 2024-09-30, growing by 1.86 million shares to a total of 4.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.13 million shares. There was a rise of 37.3%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 24, 2023 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $120 price target.
