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. Concentrix Corp shares valued at $27,800 were purchased by CORMAC TWOMEY on Jan 29 ’25. At $55.60 per share, CORMAC TWOMEY acquired 500 shares.
Also, Hayley Kathryn purchased 500 shares, netting a total of over 25,110 in proceeds. Following the buying of shares at $50.22 each, the insider now holds 3,034 shares.
Before that, Twomey Cormac J had sold 500 shares from its account. In a trade valued at $22,025, the EVP, Global Ops & Delivery traded Concentrix Corp shares for $44.05 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $1.28 million.
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 2.00%. Over the course of the year, Concentrix Corp shares have jumped approximately 23.62%. Shares of the company reached a 52-week high of $56.57 on 01/29/25 and a 52-week low of $43.08 on 01/02/25. A 50-day SMA is recorded $45.24, while a 200-day SMA reached $56.22. Nevertheless, trading volume fell to 0.63 million shares from 0.85 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 52.59, which, if violated, would cause prices to drop to 51.68. In the upper region, resistance lies at 54.83. The next price resistance is at 56.16. RSI (Relative Strength Index) is 68.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.89, which suggests the price will increase in the coming days. Percent R is at 25.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
