Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Concentrix Corp shares valued at $22,575 were sold by Twomey Cormac J on Nov 29 ’24. At $45.15 per share, Twomey Cormac J sold 500 shares. The insider’s holdings dropped to 24,436 shares worth approximately $1.09 million following the completion of this transaction.
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Also, CORMAC TWOMEY purchased 500 shares, netting a total of over 22,575 in proceeds.
Before that, Twomey Cormac J had sold 500 shares from its account. In a trade valued at $22,090, the EVP, Global Ops & Delivery traded Concentrix Corp shares for $44.18 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $1.11 million.
As published in their initiating research note from Robert W. Baird on October 03, 2024, Concentrix Corp [CNXC] has been an Outperform and the price target has been revised to $70. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of March 27, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CNXC. Earlier on September 06, 2023, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for CNXC stock.
Analyzing CNXC Stock Performance
During the last five days, there has been a surge of approximately 12.19%. Over the course of the year, Concentrix Corp shares have dropped approximately -54.66%. Shares of the company reached a 52-week high of $106.10 on 01/24/24 and a 52-week low of $36.28 on 11/19/24. A 50-day SMA is recorded $43.35, while a 200-day SMA reached $57.66. Nevertheless, trading volume fell to 0.51 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Concentrix Corp (CNXC)
According to the 24-hour chart, there is a support level at 42.82, which, if violated, would cause prices to drop to 41.10. In the upper region, resistance lies at 45.56. The next price resistance is at 46.58. RSI (Relative Strength Index) is 54.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 37.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
