Somewhat Favorable Press Coverage Somewhat Unlikely to Affect PC Connection (CNXN) Share Price
Press coverage about PC Connection (NASDAQ:CNXN) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PC Connection earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.574614074483 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities research analysts recently weighed in on CNXN shares. Zacks Investment Research downgraded PC Connection from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine raised PC Connection from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. Finally, BidaskClub raised PC Connection from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th.
PC Connection (NASDAQ:CNXN) opened at $26.21 on Tuesday. The company has a market capitalization of $702.84, a PE ratio of 14.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.60. PC Connection has a twelve month low of $23.52 and a twelve month high of $30.48.
The business also recently announced a special dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, December 28th.
In other PC Connection news, Director Barbara Duckett sold 1,123 shares of PC Connection stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $27.56, for a total transaction of $30,949.88. Following the transaction, the director now directly owns 15,877 shares of the company’s stock, valued at approximately $437,570.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Mcgrath sold 5,805 shares of PC Connection stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $26.85, for a total value of $155,864.25. The disclosure for this sale can be found here. 57.30% of the stock is currently owned by insiders.
PC Connection Company Profile
PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.
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