Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Scansource, Inc shares valued at $278,077 were sold by Hayden Rachel on Jun 20 ’25. At $41.27 per share, Hayden Rachel sold 6,738 shares. The insider’s holdings dropped to 13,174 shares worth approximately $0.57 million following the completion of this transaction.
Also, Hayden Rachel purchased 6,738 shares, netting a total of over 278,077 in proceeds.
Before that, BAUR MICHAEL L had sold 10,000 shares from its account. In a trade valued at $398,200, the CEO, President, BOD Chair traded Scansource, Inc shares for $39.82 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $5.7 million.
As published in a research note from Northcoast on May 06, 2025, Scansource, Inc [SCSC] has been rated up from a Neutral to a Buy and the price target has been revised to $42. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid August. As of December 19, 2023, Northcoast has decreased its “Buy” rating to a “Neutral” for SCSC. Earlier on August 23, 2023, Northcoast upgraded its rating. Their new recommendation was “a Buy” for SCSC stock which previously was a “a Neutral”.
Analyzing SCSC Stock Performance
On last trading session, Scansource, Inc [NASDAQ: SCSC] rose 0.33% to $42.9. The stock’s lowest price that day was $42.1667, but it reached a high of $43.215 in the same session. During the last five days, there has been a surge of approximately 2.41%. Over the course of the year, Scansource, Inc shares have dropped approximately -1.20%. Shares of the company reached a 52-week high of $52.06 on 01/21/25 and a 52-week low of $28.75 on 04/07/25.
Support And Resistance Levels for Scansource, Inc (SCSC)
According to the 24-hour chart, there is a support level at 42.31, which, if violated, would cause prices to drop to 41.71. In the upper region, resistance lies at 43.35. The next price resistance is at 43.81. RSI (Relative Strength Index) is 68.15 on the 14-day chart, showing neutral technical sentiment.
Is Scansource, Inc subject to short interest?
Stocks of Scansource, Inc saw a sharp steep in short interest on 2025-06-13 dropping by 50339.0 shares to 1.49 million. Data from Yahoo Finance shows that the short interest on 2025-05-15 was 1.54 million shares. A decline of -3.38% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 8.53 of the overall float, the days-to-cover ratio (short ratio) decline to 8.53.
