CDW Corporation (CDW) Shares are Up 1.25%

CDW Corporation (CDW) : Traders are bullish on CDW Corporation (CDW) as it has outperformed the S&P 500 by a wide margin of 8.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.25% in the last 1 week, and is up 9.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 4.62% and the 50-Day Moving Average is 7.72%. CDW Corporation (NASDAQ:CDW): On Fridays trading session , Opening price of the stock was $45.54 with an intraday high of $45.615. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.1. However, the stock managed to close at $45.29, a loss of 0.51% for the day. On the previous day, the stock had closed at $45.52. The total traded volume of the day was 567,451 shares.


The company Insiders own 2.2% of CDW Corporation shares according to the proxy statements. Institutional Investors own 89.37% of CDW Corporation shares. Also, Major Brokerage house, Deutsche Bank maintains its ratings on CDW Corporation (NASDAQ:CDW). In the latest research report, Deutsche Bank raises the target price from $43 per share to $48 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 4, 2016.

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.

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