In a filing, CDW Corp revealed 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 $22.31 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 $4.9 million.
Citigroup downgraded its CDW Corp [CDW] rating to a Neutral from a a Buy in a research note published on October 01, 2024; the price target was decreased to $245 from $250. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in early June from “a Neutral” to “a Buy”. Morgan Stanley also remained covering CDW and has decreased its forecast on December 12, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. UBS started covering the stock on October 03, 2023. It rated CDW as “a Buy”.
Price Performance Review of CDW
On Friday, CDW Corp [NASDAQ:CDW] saw its stock fall -1.30% to $218.31. Over the last five days, the stock has lost -1.66%. CDW Corp shares have fallen nearly -3.96% since the year began. Nevertheless, the stocks have risen 5.89% 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 $221.22, while 200 days put it at $229.81.
Levels Of Support And Resistance For CDW Stock
The 24-hour chart illustrates a support level at 216.80, which if violated will result in even more drops to 215.28. On the upside, there is a resistance level at 221.00. A further resistance level may holdings at 223.68. The Relative Strength Index (RSI) on the 14-day chart is 44.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.29%. Stochastics %K at 37.50% indicates the stock is a holding.
How much short interest is there in CDW Corp?
A steep rise in short interest was recorded in CDW Corp stocks on 2024-09-30, growing by 75715.0 shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.71 million shares. There was a rise of 2.0%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 18, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $198 price target.
