In a filing, Scansource, Inc revealed its SVP & Chief Accounting Officer Ford Brandy unloaded Company’s shares for reported $91106.0 on Dec 19 ’24. In the deal valued at $49.38 per share,1,845 shares were sold. As a result of this transaction, Ford Brandy now holds 9,506 shares worth roughly $0.48 million.
Then, Ford Brandy bought 1,845 shares, generating $91,106 in total proceeds.
Before that, BAUR MICHAEL L sold 21,688 shares. Scansource, Inc shares valued at $1,065,315 were divested by the CEO & Chairman of the Board at a price of $49.12 per share. As a result of the transaction, BAUR MICHAEL L now holds 177,760 shares, worth roughly $8.97 million.
Raymond James downgraded its Scansource, Inc [SCSC] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. Northcoast also remained covering SCSC and has increased its forecast on August 23, 2023 with a “Buy” recommendation from previously “Neutral” rating. Northcoast revised its rating on May 24, 2023. It rated SCSC as “a Neutral” which previously was an “a Buy”.
Price Performance Review of SCSC
On Friday, Scansource, Inc [NASDAQ:SCSC] saw its stock jump 0.84% to $50.46. Over the last five days, the stock has gained 6.57%. Scansource, Inc shares have risen nearly 6.34% since the year began. Nevertheless, the stocks have risen 37.31% over the past one year. While a 52-week high of $53.90 was reached on 01/17/25, a 52-week low of $31.01 was recorded on 01/10/25. SMA at 50 days reached $49.92, while 200 days put it at $47.12.
Levels Of Support And Resistance For SCSC Stock
The 24-hour chart illustrates a support level at 49.86, which if violated will result in even more drops to 49.25. On the upside, there is a resistance level at 51.15. A further resistance level may holdings at 51.83. The Relative Strength Index (RSI) on the 14-day chart is 58.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.78%. Stochastics %K at 76.41% indicates the stock is a holding.
How much short interest is there in Scansource, Inc?
A steep rise in short interest was recorded in Scansource, Inc stocks on 2024-12-31, dropping by 96128.0 shares to a total of 1.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.83 million shares. There was a decline of -5.53%, which implies that there is a negative sentiment for the stock.
