PC Connection, Inc’s recent filing unveils that its Director David Beffa-Negrini acquired Company’s shares for reported $0.72 million on Dec 16 ’24. In the deal valued at $72.30 per share,10,000 shares were bought.
Then, BEFFA NEGRINI DAVID sold 5,000 shares, generating $350,000 in total proceeds. Upon selling the shares at $70.00, the Director now owns 71,750 shares.
Before that, David Beffa-Negrini bought 6,250 shares. PC Connection, Inc shares valued at $439,875 were divested by the Director at a price of $70.38 per share.
Sidoti upgraded its PC Connection, Inc [CNXN] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Sidoti also remained covering CNXN and has decreased its forecast on February 15, 2019 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on July 16, 2018. It rated CNXN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CNXN
On Tuesday, PC Connection, Inc [NASDAQ:CNXN] saw its stock fall -0.84% to $69.62. Over the last five days, the stock has lost -4.20%. PC Connection, Inc shares have risen nearly 5.21% since the year began. Nevertheless, the stocks have risen 3.60% over the past one year. While a 52-week high of $77.19 was reached on 09/27/24, a 52-week low of $57.47 was recorded on 05/02/24. SMA at 50 days reached $71.74, while 200 days put it at $68.48.
Levels Of Support And Resistance For CNXN Stock
The 24-hour chart illustrates a support level at 69.15, which if violated will result in even more drops to 68.67. On the upside, there is a resistance level at 70.31. A further resistance level may holdings at 70.99. The Relative Strength Index (RSI) on the 14-day chart is 44.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.09%. Stochastics %K at 11.70% indicates the stock is a buying.
How much short interest is there in PC Connection, Inc?
A steep rise in short interest was recorded in PC Connection, Inc stocks on 2024-11-29, dropping by 17003.0 shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.22 million shares. There was a decline of -8.58%, which implies that there is a negative sentiment for the stock.
