Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scansource, Inc shares valued at $91,106 were sold by Ford Brandy on Dec 19 ’24. At $49.38 per share, Ford Brandy sold 1,845 shares. The insider’s holdings dropped to 9,506 shares worth approximately $0.45 million following the completion of this transaction.
Also, Ford Brandy purchased 1,845 shares, netting a total of over 91,106 in proceeds.
Before that, BAUR MICHAEL L had sold 21,688 shares from its account. In a trade valued at $1,065,315, the CEO & Chairman of the Board traded Scansource, Inc shares for $49.12 each. Upon closing the transaction, the insider’s holdings decreased to 21,688 shares, worth approximately $8.51 million.
As published in a research note from Raymond James on August 15, 2024, Scansource, Inc [SCSC] has been rated down from an Outperform to a Mkt perform. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of August 23, 2023, Northcoast has increased its “Neutral” rating to a “Buy” for SCSC. Earlier on May 24, 2023, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for SCSC stock which previously was a “a Buy”.
Analyzing SCSC Stock Performance
During the last five days, there has been a surge of approximately 0.86%. Over the course of the year, Scansource, Inc shares have jumped approximately 0.86%. Shares of the company reached a 52-week high of $48.98 on 01/02/25 and a 52-week low of $46.48 on 01/08/25. A 50-day SMA is recorded $49.34, while a 200-day SMA reached $46.94. Nevertheless, trading volume fell to 0.13 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Scansource, Inc (SCSC)
According to the 24-hour chart, there is a support level at 46.93, which, if violated, would cause prices to drop to 46.01. In the upper region, resistance lies at 48.33. The next price resistance is at 48.81. RSI (Relative Strength Index) is 43.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.15, which suggests the price will decrease in the coming days. Percent R is at 75.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
