Insider Selling: MCCOLL JOHN S, Cousins Properties Incorporated [CUZ] Executive Vice President divested 36,975 shares


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cousins Properties Incorporated shares valued at $921,602 were sold by MCCOLL JOHN S on Feb 28. At $24.93 per share, MCCOLL JOHN S sold 36,975 shares. The insider’s holdings dropped to 30,814 shares worth approximately $0.77 million following the completion of this transaction.

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Also, Roper Pamela F sold 6,095 shares, netting a total of over 157,068 in proceeds. Following the sale of shares at $25.77 each, the insider now holds 42,241 shares.

As published in a research note from Mizuho on January 04, 2023, Cousins Properties Incorporated [CUZ] has been rated down from a Neutral to an Underperform and the price target has been revised to $22 from $29. This represents a -13.82% premium over Thursday’s closing price. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of October 03, 2022, Evercore ISI has initiated its “an Outperform” rating for CUZ. Earlier on July 01, 2022, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for CUZ stock.

Analyzing CUZ Stock Performance

On Thursday, Cousins Properties Incorporated [NYSE: CUZ] rose 1.25% to $25.04. The stock’s lowest price that day was $24.435, but it reached a high of $25.15 in the same session. During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Cousins Properties Incorporated shares have dropped approximately -0.99%. Shares of the company reached a 52-week high of $28.66 on 02/02/23 and a 52-week low of $23.19 on 01/06/23. A 50-day SMA is recorded $25.71, while a 200-day SMA reached $27.16. Nevertheless, trading volume fell to 1.58 million shares from 1.64 million shares the previous day.

Support And Resistance Levels for Cousins Properties Incorporated (CUZ)

According to the 24-hour chart, there is a support level at 24.60, which, if violated, would cause prices to drop to 24.16. In the upper region, resistance lies at 25.32. The next price resistance is at 25.59. RSI (Relative Strength Index) is 43.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 72.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Cousins Properties Incorporated subject to short interest?

Stocks of Cousins Properties Incorporated saw a sharp rise in short interest on Jan 30, 2023 jumping by 1.84 million shares to 6.83 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 4.99 million shares. A jump of 26.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.83 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.83.

Which companies own the most shares of Cousins Properties Incorporated (CUZ)?

According to The Vanguard Group, Inc. filings, the company currently owns 22,047,695 shares, which is about 14.56% of the total CUZ shares outstanding. The investor’s shares have appreciated by 433,100 from its previous 13-F filing of 21614595.0 shares. With the completion of the buy transaction, Cohen & Steers Capital Management’s stake is now worth $443,343,039. BlackRock Fund Advisors acquire a 5.08% interest valued at $411.52 million while Principal Global Investors LLC sold a -648,698 stake. A total of -151,997 shares of Cousins Properties Incorporated were sold by APG Asset Management US, Inc. during the quarter, and 264,767 were bought by SSgA Funds Management, Inc. In its current portfolio, Principal Real Estate Investors L holds 7,696,410 shares valued at $211.04 million.


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