In a filing, Core & Main Inc revealed its EVP, Corporate Department Giles Jeffrey D unloaded Company’s shares for reported $1.37 million on Dec 03 ’24. In the deal valued at $54.71 per share,25,000 shares were sold. As a result of this transaction, Giles Jeffrey D now holds 11,615 shares worth roughly $0.59 million.
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Then, Cowles Bradford A sold 50,000 shares, generating $2,753,280 in total proceeds. Upon selling the shares at $55.07, the President now owns 18,423 shares.
Before that, NEWMAN MARGARET sold 15,000 shares. Core & Main Inc shares valued at $828,687 were divested by the Director at a price of $55.25 per share. As a result of the transaction, NEWMAN MARGARET now holds 11,769 shares, worth roughly $0.6 million.
Wells Fargo initiated its Core & Main Inc [CNM] rating to an Overweight in a research note published on September 23, 2024; the price target was $52. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Citigroup also remained covering CNM and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on October 12, 2023. It rated CNM as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of CNM
On Monday, Core & Main Inc [NYSE:CNM] saw its stock jump 1.15% to $51.12. Over the last five days, the stock has lost -3.38%. Core & Main Inc shares have risen nearly 26.50% since the year began. Nevertheless, the stocks have risen 27.77% over the past one year. While a 52-week high of $62.15 was reached on 05/16/24, a 52-week low of $37.22 was recorded on 09/11/24. SMA at 50 days reached $47.40, while 200 days put it at $50.39.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 50.07, which if violated will result in even more drops to 49.03. On the upside, there is a resistance level at 51.71. A further resistance level may holdings at 52.30. The Relative Strength Index (RSI) on the 14-day chart is 55.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.89%. Stochastics %K at 24.37% indicates the stock is a holding.
How much short interest is there in Core & Main Inc?
A steep rise in short interest was recorded in Core & Main Inc stocks on 2024-11-15, growing by 0.29 million shares to a total of 12.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.2 million shares. There was a rise of 2.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2023 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
