PC Connection Director Unloads $203,400 in Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 10,000 shares of PC Connection stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $20.34, for a total value of $203,400.00. Following the completion of the sale, the director now directly owns 347,802 shares of the company’s stock, valued at approximately $7,074,293. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of PC Connection (NASDAQ:PCCC) traded up 2.52% during mid-day trading on Friday, hitting $21.13. 65,537 shares of the company’s stock traded hands. PC Connection has a 52-week low of $14.51 and a 52-week high of $25.94. The stock’s 50-day moving average is $20.5 and its 200-day moving average is $21.47. The company has a market cap of $553.7 million and a price-to-earnings ratio of 14.84.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, May 1st. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $559.80 million for the quarter, compared to the consensus estimate of $524.70 million. During the same quarter last year, the company posted $0.23 earnings per share. PC Connection’s revenue was up 10.8% compared to the same quarter last year. Analysts expect that PC Connection will post $1.49 EPS for the current fiscal year.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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