Core & Main Inc’s filing revealed that its Executive Vice President Schaller John R unloaded Company’s shares for reported $0.87 million on Mar 11 ’25. In the deal valued at $45.00 per share,19,292 shares were sold. As a result of this transaction, Schaller John R now holds 15,474 shares worth roughly $0.74 million.
Then, Schaller John R sold 21,868 shares, generating $1,023,860 in total proceeds. Upon selling the shares at $46.82, the Executive Vice President now owns 16,452 shares.
Before that, Schaller John R bought 19,292 shares. Core & Main Inc shares valued at $868,140 were divested by the Officer at a price of $45.00 per share.
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 Friday, Core & Main Inc [NYSE:CNM] saw its stock jump 3.05% to $47.68. Over the last five days, the stock has lost -0.40%. Core & Main Inc shares have fallen nearly -6.34% since the year began. Nevertheless, the stocks have fallen -3.38% over the past one year. While a 52-week high of $62.15 was reached on 01/30/25, a 52-week low of $37.22 was recorded on 03/11/25. SMA at 50 days reached $52.47, while 200 days put it at $49.16.
Levels Of Support And Resistance For CNM Stock
The 24-hour chart illustrates a support level at 46.92, which if violated will result in even more drops to 46.17. On the upside, there is a resistance level at 48.06. A further resistance level may holdings at 48.45. The Relative Strength Index (RSI) on the 14-day chart is 38.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.67%. Stochastics %K at 30.21% indicates the stock is a holding.
How much short interest is there in Core & Main Inc?
A steep rise in short interest was recorded in Core & Main Inc stocks on 2025-02-28, growing by 1.13 million shares to a total of 14.16 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 13.04 million shares. There was a rise of 7.96%, 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.
