Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 -2.42%. Over the course of the year, Core & Main Inc shares have jumped approximately 11.93%. Nevertheless, trading volume fell to 1.09 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Core & Main Inc (CNM)
RSI (Relative Strength Index) is 52.43 on the 14-day chart, showing neutral technical sentiment.
