The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CDW Corp shares valued at $259,380 were purchased by LEAHY CHRISTINE A on Aug 01 ’24. At $216.15 per share, LEAHY CHRISTINE A acquired 1,200 shares. The insider’s holdings grew to 102,200 shares worth approximately $19.01 million following the completion of this transaction.
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Also, MIRALLES ALBERT JOSEPH JR purchased 1,050 shares, netting a total of over 227,449 in proceeds. Following the buying of shares at $216.62 each, the insider now holds 16,876 shares.
Before that, Chawla Sona had sold 18,437 shares from its account. In a trade valued at $4,433,120, the insider traded CDW Corp shares for $240.45 each. Upon closing the transaction, the insider’s holdings decreased to 18,437 shares, worth approximately $4.17 million.
As published in a research note from JP Morgan on October 28, 2024, CDW Corp [CDW] has been rated down from an Overweight to a Neutral and the price target has been revised to $235 from $260. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of June 07, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for CDW. Earlier on December 12, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for CDW stock which previously was a “an Overweight”.
Analyzing CDW Stock Performance
During the last five days, there has been a drop of approximately -8.27%. Over the course of the year, CDW Corp shares have dropped approximately -18.17%. Shares of the company reached a 52-week high of $263.37 on 04/04/24 and a 52-week low of $185.70 on 11/13/24. A 50-day SMA is recorded $214.86, while a 200-day SMA reached $228.08. Nevertheless, trading volume fell to 2.53 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for CDW Corp (CDW)
According to the 24-hour chart, there is a support level at 184.00, which, if violated, would cause prices to drop to 182.00. In the upper region, resistance lies at 189.71. The next price resistance is at 193.42. RSI (Relative Strength Index) is 30.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.55, which suggests the price will decrease in the coming days. Percent R is at 99.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
