Insider Selling: PC Connection Director Sells 10,000 Shares of Stock (PCCC)
PC Connection (NASDAQ:PCCC) Director David Hall sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $20.36, for a total value of $203,600.00. Following the completion of the transaction, the director now directly owns 327,802 shares of the company’s stock, valued at approximately $6,674,049. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of PC Connection (NASDAQ:PCCC) traded down 1.39% during mid-day trading on Friday, hitting $19.92. The stock had a trading volume of 16,423 shares. PC Connection has a one year low of $14.51 and a one year high of $25.94. The stock’s 50-day moving average is $20.66 and its 200-day moving average is $21.23. The company has a market cap of $522.0 million and a price-to-earnings ratio of 14.54.
PC Connection (NASDAQ:PCCC) last released its earnings data 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. On average, analysts predict that PC Connection will post $1.50 earnings per share 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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