The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Core & Main Inc shares valued at $2,647,659 were sold by Whittenburg Mark G on Jan 16 ’25. At $55.13 per share, Whittenburg Mark G sold 48,026 shares. The insider’s holdings dropped to 7,667 shares worth approximately $0.43 million following the completion of this transaction.
Also, Whittenburg Mark G sold 1,974 shares, netting a total of over 109,134 in proceeds. Following the sale of shares at $55.29 each, the insider now holds 7,667 shares.
Before that, Whittenburg Mark G had sold 50,000 shares from its account. In a trade valued at $2,524,500, the General Counsel and Secretary traded Core & Main Inc shares for $50.49 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $0.43 million.
As published in their initiating research note from Wells Fargo on September 23, 2024, Core & Main Inc [CNM] has been an Overweight and the price target has been revised to $52. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of January 08, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for CNM. Earlier on October 12, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CNM stock which previously was a “a Peer perform”.
Analyzing CNM Stock Performance
During the last five days, there has been a drop of approximately -1.31%. Over the course of the year, Core & Main Inc shares have jumped approximately 11.00%. Shares of the company reached a 52-week high of $57.50 on 01/23/25 and a 52-week low of $49.60 on 01/07/25. A 50-day SMA is recorded $51.34, while a 200-day SMA reached $50.16. Nevertheless, trading volume fell to 1.18 million shares from 1.39 million shares the previous day.
Support And Resistance Levels for Core & Main Inc (CNM)
According to the 24-hour chart, there is a support level at 55.99, which, if violated, would cause prices to drop to 55.46. In the upper region, resistance lies at 56.98. The next price resistance is at 57.44. RSI (Relative Strength Index) is 66.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 13.20%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
