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Recent Insider Activity Suggests Potential Gains for CDW Corp (CDW)

CDW Corp’s recent filing unveils that 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 $18.29 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 $4.01 million.

Redburn Atlantic initiated its CDW Corp [CDW] rating to a Buy in a research note published on November 15, 2024; the price target was $230. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late October from “an Overweight” to “a Neutral”. Citigroup also remained covering CDW and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. Northcoast revised its rating on June 07, 2024. It rated CDW as “a Buy” which previously was an “a Neutral”.

Price Performance Review of CDW

On Friday, CDW Corp [NASDAQ:CDW] saw its stock jump 0.44% to $178.96. Over the last five days, the stock has gained 0.75%. CDW Corp shares have fallen nearly -21.27% since the year began. Nevertheless, the stocks have fallen -17.54% over the past one year. While a 52-week high of $263.37 was reached on 04/04/24, a 52-week low of $172.95 was recorded on 11/20/24. SMA at 50 days reached $209.50, while 200 days put it at $226.13.

Levels Of Support And Resistance For CDW Stock

The 24-hour chart illustrates a support level at 177.49, which if violated will result in even more drops to 176.01. On the upside, there is a resistance level at 180.22. A further resistance level may holdings at 181.47. The Relative Strength Index (RSI) on the 14-day chart is 31.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.11%. Stochastics %K at 14.95% 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 2024-10-31, dropping by 6708.0 shares to a total of 3.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.78 million shares. There was a decline of -0.18%, which implies that there is a negative sentiment for the stock.

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