Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Core & Main Inc shares valued at $1,367,865 were sold by Giles Jeffrey D on Dec 03 ’24. At $54.71 per share, Giles Jeffrey D sold 25,000 shares. The insider’s holdings dropped to 11,615 shares worth approximately $0.6 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Cowles Bradford A sold 50,000 shares, netting a total of over 2,753,280 in proceeds. Following the sale of shares at $55.07 each, the insider now holds 18,423 shares.
Before that, NEWMAN MARGARET had sold 15,000 shares from its account. In a trade valued at $828,687, the Director traded Core & Main Inc shares for $55.25 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $0.61 million.
As published in their initiating research note from Wells Fargo on September 23, 2024, Core & Main Inc [CNM] has been an Overweight and the price target has been revised to $52. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of January 08, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CNM. Earlier on October 12, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CNM stock which previously was a “a Peer perform”.
Analyzing CNM Stock Performance
During the last five days, there has been a drop of approximately -1.00%. Over the course of the year, Core & Main Inc shares have jumped approximately 27.37%. Shares of the company reached a 52-week high of $62.15 on 05/16/24 and a 52-week low of $37.22 on 09/11/24. A 50-day SMA is recorded $47.52, while a 200-day SMA reached $50.41. Nevertheless, trading volume fell to 0.69 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Core & Main Inc (CNM)
According to the 24-hour chart, there is a support level at 51.18, which, if violated, would cause prices to drop to 50.90. In the upper region, resistance lies at 51.75. The next price resistance is at 52.04. RSI (Relative Strength Index) is 56.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 63.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
