In a filing, Concentrix Corp. revealed its EVP, Global Ops & Delivery Twomey Cormac J unloaded Company’s shares for reported $22090.0 on Oct 29 ’24. In the deal valued at $44.18 per share,500 shares were sold. As a result of this transaction, Twomey Cormac J now holds 24,936 shares worth roughly $1.11 million.
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Then, CORMAC TWOMEY bought 500 shares, generating $22,090 in total proceeds.
Before that, Caldwell Christopher A sold 9,823 shares. Concentrix Corp. shares valued at $517,708 were divested by the President and CEO at a price of $52.70 per share. As a result of the transaction, Caldwell Christopher A now holds 241,841 shares, worth roughly $10.74 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 fall -0.13% to $44.43. Over the last five days, the stock has lost -1.62%. Concentrix Corp. shares have fallen nearly -54.76% since the year began. Nevertheless, the stocks have fallen -38.79% over the past one year. While a 52-week high of $106.10 was reached on 01/24/24, a 52-week low of $44.18 was recorded on 10/29/24. SMA at 50 days reached $59.31, while 200 days put it at $65.85.
Levels Of Support And Resistance For CNXC Stock
The 24-hour chart illustrates a support level at 43.98, which if violated will result in even more drops to 43.53. On the upside, there is a resistance level at 44.81. A further resistance level may holdings at 45.19. The Relative Strength Index (RSI) on the 14-day chart is 28.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.25%. Stochastics %K at 5.16% indicates the stock is a buying.
How much short interest is there in Concentrix Corp.?
A steep rise in short interest was recorded in Concentrix Corp. stocks on 2024-10-15, growing by 2.55 million shares to a total of 5.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.2 million shares. There was a rise of 44.4%, 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.
