PC Connection Shares Face Persistent Selling Pressure

Technology distributor PC Connection continues to experience a significant downturn in its share price. A sustained wave of selling activity has pushed the stock lower for weeks, with technical indicators and insider transactions suggesting the bearish trend may not be over soon.

Recent trading sessions have painted a bleak technical picture. The stock failed to find support on Friday, extending its losing streak. Heightened market activity was evident as volatility surged to nearly 40 percent. The decline has been particularly consistent, with shares closing lower in seven of the previous ten trading days, resulting in a loss exceeding four percent during that period.

Key momentum readings have reached extreme levels. The Relative Strength Index (RSI) stands at a remarkably low... Read more...