Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Concentrix Corp shares valued at $25,110 were purchased by Hayley Kathryn on Jan 22 ’25. At $50.22 per share, Hayley Kathryn acquired 500 shares. The insider’s holdings grew to 3,034 shares worth approximately $0.16 million following the completion of this transaction.
Also, Twomey Cormac J sold 500 shares, netting a total of over 22,025 in proceeds. Following the sale of shares at $44.05 each, the insider now holds 23,936 shares.
Before that, CORMAC TWOMEY had added 500 shares to its account. In a trade valued at $22,025, the Officer bought Concentrix Corp shares for $44.05 each.
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 10.47%. Over the course of the year, Concentrix Corp shares have jumped approximately 21.19%. Shares of the company reached a 52-week high of $52.50 on 01/23/25 and a 52-week low of $43.08 on 01/02/25. A 50-day SMA is recorded $43.97, while a 200-day SMA reached $56.38. Nevertheless, trading volume fell to 0.9 million shares from 0.71 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 50.93, which, if violated, would cause prices to drop to 49.43. In the upper region, resistance lies at 53.22. The next price resistance is at 54.01. RSI (Relative Strength Index) is 75.30 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.63, which suggests the price will increase in the coming days. Percent R is at 0.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
