Core & Main Inc’s filing revealed that its General Counsel and Secretary Whittenburg Mark G unloaded Company’s shares for reported $2.65 million on Jan 16 ’25. In the deal valued at $55.13 per share,48,026 shares were sold. As a result of this transaction, Whittenburg Mark G now holds 7,667 shares worth roughly $0.44 million.
Then, Whittenburg Mark G sold 1,974 shares, generating $109,134 in total proceeds. Upon selling the shares at $55.29, the General Counsel and Secretary now owns 7,667 shares.
Before that, Whittenburg Mark G sold 50,000 shares. Core & Main Inc shares valued at $2,524,500 were divested by the General Counsel and Secretary at a price of $50.49 per share. As a result of the transaction, Whittenburg Mark G now holds 7,667 shares, worth roughly $0.44 million.
Wells Fargo initiated its Core & Main Inc [CNM] rating to an Overweight in a research note published on September 23, 2024; the price target was $52. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. Citigroup also remained covering CNM and has increased its forecast on January 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on October 12, 2023. It rated CNM as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of CNM
On Tuesday, Core & Main Inc [NYSE:CNM] saw its stock jump 2.86% to $56.80. Over the last five days, the stock has gained 9.76%. Core & Main Inc shares have risen nearly 11.57% since the year began. Nevertheless, the stocks have risen 38.91% over the past one year. While a 52-week high of $62.15 was reached on 01/21/25, a 52-week low of $37.22 was recorded on 01/07/25. SMA at 50 days reached $49.82, while 200 days put it at $50.20.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 56.21, which if violated will result in even more drops to 55.63. On the upside, there is a resistance level at 57.16. A further resistance level may holdings at 57.53. The Relative Strength Index (RSI) on the 14-day chart is 73.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.91%. Stochastics %K at 91.89% indicates the stock is a selling.
How much short interest is there in Core & Main Inc?
A steep rise in short interest was recorded in Core & Main Inc stocks on 2024-11-15, growing by 0.29 million shares to a total of 12.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.2 million shares. There was a rise of 2.28%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2023 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.
