CDW Corporation (NASDAQ:CDW) has tumbled 5.35% during the past week and has dropped 5.08% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 4.21%. CDW Corporation (NASDAQ:CDW) has underperformed the index by 5.95% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
CDW Corporation (NASDAQ:CDW): The stock opened at $40.57 on Friday but the bulls could not build on the opening and the stock topped out at $40.95 for the day. The stock traded down to $40.27 during the day, due to lack of any buying support eventually closed down at $40.52 with a loss of -0.69% for the day. The stock had closed at $40.80 on the previous day. The total traded volume was 2,015,183 shares.
The company shares have rallied 9.60% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $46.92 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $41.62 and the 200 Day Moving Average price is recorded at $40.72.
On the companys insider trading activities,The officer (VICE PRESIDENT & CONTROLLER) of Cdw Corp, Fairfield Neil B sold 2,791 shares at $40.44 on March 9, 2016. The Insider selling transaction had a total value worth of $112,868. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Raymond James downgrades its rating on CDW Corporation (NASDAQ:CDW).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on April 25, 2016. Currently the company Insiders own 2.2% of CDW Corporation shares according to the proxy statements. Institutional Investors own 85.95% of CDW Corporation shares.
CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility, security, data center optimization, cloud computing, virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments, CDW Advanced Services, Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively, its vendor partners), whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250,000 small, medium and large business, government, education and healthcare customers by delivering solutions to their IT needs.