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 $19.25 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 $4.22 million.
JP Morgan downgraded its CDW Corp [CDW] rating to a Neutral from a an Overweight in a research note published on October 28, 2024; the price target was decreased to $235 from $260. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. Northcoast also remained covering CDW and has increased its forecast on June 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on December 12, 2023. It rated CDW as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of CDW
On Friday, CDW Corp [NASDAQ:CDW] saw its stock jump 0.08% to $188.38. Over the last five days, the stock has lost -13.19%. CDW Corp shares have fallen nearly -17.13% since the year began. Nevertheless, the stocks have fallen -5.41% 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 11/01/24. SMA at 50 days reached $219.38, while 200 days put it at $229.36.
Levels Of Support And Resistance For CDW Stock
The 24-hour chart illustrates a support level at 187.16, which if violated will result in even more drops to 185.93. On the upside, there is a resistance level at 190.18. A further resistance level may holdings at 191.97. The Relative Strength Index (RSI) on the 14-day chart is 22.64, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -22.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.22%. Stochastics %K at 1.34% indicates the stock is a buying.
How much short interest is there in CDW Corp?
A steep rise in short interest was recorded in CDW Corp stocks on 2024-10-15, growing by 0.16 million shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.73 million shares. There was a rise of 4.07%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 03, 2023 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $237 price target.
