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The Best And Worst Channel Company Stocks In The First Half Of 2019

Twenty of the 27 publicly held channel companies on our watch list saw the price of their stock increase in the first half of 2019 – many by hefty double-digit amounts and one that nearly doubled its stock price. Take a look at which company's stock increased the most.

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PCM

CEO: Frank Khulusi

Dec. 31, 2018 Close: $17.61

June 28, 2019 Close: $35.04

Change: +98.98%

On June 24, PCM (No. 30 on the CRN Solution Provider 500) struck a deal to be acquired by Insight Enterprises for $35 a share or $581 million. The deal was concluded on Aug. 30. The acquisition makes Insight Enterprises, No. 14 on the CRN Solution Provider 500, a $9 billion channel powerhouse.

For the first six months of 2019, PCM reported net sales of $1.08 billion, down 1 percent from just under $1.09 billion in the first half of 2018. Net income for the six-month period increased 20 percent year over year to $12.9 million from $10.7 million.

 
 
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