Q: Constellation Software stock has been drifting lower for past 4-6 weeks, after a spectacular run during 2024. There appears to be some selling pressure again today, while mostly market is up.
If it is just profit taking, what will be a decent level to add more shares ?
Thank You
If it is just profit taking, what will be a decent level to add more shares ?
Thank You
5i Research Answer:
There has been no material news on CSU. Often, near or just after year end, investors will sell winners as they can push taxes into a new year. This is likely the case here, but there is no way of knowing this. The trade action does not look overly concerning to us.