Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Core & Main Inc shares valued at $1,362,082 were sold by Cowles Bradford A on Feb 10 ’25. At $54.48 per share, Cowles Bradford A sold 25,000 shares. The insider’s holdings dropped to 16,010 shares worth approximately $0.81 million following the completion of this transaction.
Also, Whittenburg Mark G sold 48,026 shares, netting a total of over 2,647,659 in proceeds. Following the sale of shares at $55.13 each, the insider now holds 7,667 shares.
Before that, Whittenburg Mark G had sold 1,974 shares from its account. In a trade valued at $109,134, the General Counsel and Secretary traded Core & Main Inc shares for $55.29 each. Upon closing the transaction, the insider’s holdings decreased to 1,974 shares, worth approximately $0.39 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 -5.21%. Over the course of the year, Core & Main Inc shares have dropped approximately -0.29%. Shares of the company reached a 52-week high of $58.22 on 01/30/25 and a 52-week low of $48.97 on 02/25/25. A 50-day SMA is recorded $53.27, while a 200-day SMA reached $49.88. Nevertheless, trading volume fell to 2.21 million shares from 1.4 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 50.03, which, if violated, would cause prices to drop to 49.29. In the upper region, resistance lies at 51.33. The next price resistance is at 51.89. RSI (Relative Strength Index) is 36.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.04, which suggests the price will decrease in the coming days. Percent R is at 73.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
