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 $2,118,460 were sold by Stephens John Weldon on Apr 02 ’25. At $50.48 per share, Stephens John Weldon sold 41,963 shares. The insider’s holdings dropped to 4,120 shares worth approximately $0.2 million following the completion of this transaction.
Also, John Weldon Stephens purchased 83,927 shares, netting a total of over 4,144,315 in proceeds.
Before that, Schaller John R had sold 19,292 shares from its account. In a trade valued at $868,140, the Executive Vice President traded Core & Main Inc shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 19,292 shares, worth approximately $0.75 million.
As published in their initiating research note from Deutsche Bank on April 01, 2025, Core & Main Inc [CNM] has been a Buy and the price target has been revised to $60. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of April 05, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for CNM. Earlier on January 08, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for CNM stock which previously was a “a Neutral”.
Analyzing CNM Stock Performance
During the last five days, there has been a drop of approximately -0.88%. Over the course of the year, Core & Main Inc shares have dropped approximately -4.46%. Shares of the company reached a 52-week high of $58.22 on 01/30/25 and a 52-week low of $43.17 on 04/07/25. A 50-day SMA is recorded $49.77, while a 200-day SMA reached $48.84.
Support And Resistance Levels for Core & Main Inc (CNM)
According to the 24-hour chart, there is a support level at 47.87, which, if violated, would cause prices to drop to 47.11. In the upper region, resistance lies at 49.40. The next price resistance is at 50.17. RSI (Relative Strength Index) is 49.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.02, which suggests the price will increase in the coming days. Percent R is at 33.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
