PC Connection, Inc’s recently made public 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 Friday, PC Connection, Inc [NASDAQ:CNXN] saw its stock jump 0.63% to $71.21. Over the last five days, the stock has gained 2.88%. PC Connection, Inc shares have risen nearly 2.81% since the year began. Nevertheless, the stocks have risen 12.84% over the past one year. While a 52-week high of $77.19 was reached on 01/17/25, a 52-week low of $57.47 was recorded on 01/03/25. SMA at 50 days reached $71.60, while 200 days put it at $68.85.
Levels Of Support And Resistance For CNXN Stock
The 24-hour chart illustrates a support level at 70.93, which if violated will result in even more drops to 70.65. On the upside, there is a resistance level at 71.57. A further resistance level may holdings at 71.93. The Relative Strength Index (RSI) on the 14-day chart is 53.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.76%. Stochastics %K at 80.21% indicates the stock is a selling.
How much short interest is there in PC Connection, Inc?
A steep rise in short interest was recorded in PC Connection, Inc stocks on 2024-12-31, growing by 12771.0 shares to a total of 0.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.2 million shares. There was a rise of 6.05%, which implies that there is a positive sentiment for the stock.
