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 $868,140 were sold by Schaller John R on Mar 11 ’25. At $45.00 per share, Schaller John R sold 19,292 shares. The insider’s holdings dropped to 15,474 shares worth approximately $0.77 million following the completion of this transaction.
Also, Schaller John R sold 21,868 shares, netting a total of over 1,023,860 in proceeds. Following the sale of shares at $46.82 each, the insider now holds 16,452 shares.
Before that, Schaller John R had added 19,292 shares to its account. In a trade valued at $868,140, the Officer bought Core & Main Inc shares for $45.00 each.
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 surge of approximately 0.92%. Over the course of the year, Core & Main Inc shares have dropped approximately -2.77%. Shares of the company reached a 52-week high of $58.22 on 01/30/25 and a 52-week low of $44.87 on 03/11/25. A 50-day SMA is recorded $52.07, while a 200-day SMA reached $48.95.
Support And Resistance Levels for Core & Main Inc (CNM)
According to the 24-hour chart, there is a support level at 48.71, which, if violated, would cause prices to drop to 47.91. In the upper region, resistance lies at 50.70. The next price resistance is at 51.89. RSI (Relative Strength Index) is 50.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 32.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
