Cognizant Technology Solutions Corp.’s recent filing unveils that its EVP, Chief People Officer Diaz Kathryn unloaded Company’s shares for reported $69350.0 on Mar 12 ’24. In the deal valued at $77.06 per share,900 shares were sold. As a result of this transaction, Diaz Kathryn now holds 8,312 shares worth roughly $0.6 million.
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Then, Patsalos-Fox Michael sold 10,000 shares, generating $767,323 in total proceeds. Upon selling the shares at $76.73, the Director now owns 54,695 shares.
Before that, Patsalos-Fox Michael sold 6,926 shares. Cognizant Technology Solutions Corp. shares valued at $434,875 were divested by the Director at a price of $62.79 per share. As a result of the transaction, Patsalos-Fox Michael now holds 64,695 shares, worth roughly $4.65 million.
Guggenheim initiated its Cognizant Technology Solutions Corp. [CTSH] rating to a Neutral in a research note published on March 19, 2024; the price target was $80. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Societe Generale also remained covering CTSH and has decreased its forecast on January 05, 2024 with a “Sell” recommendation from previously “Hold” rating. Wolfe Research revised its rating on January 04, 2024. It rated CTSH as “a Peer perform” which previously was an “an Underperform”.
Price Performance Review of CTSH
On Friday, Cognizant Technology Solutions Corp. [NASDAQ:CTSH] saw its stock fall -0.94% to $71.90. Over the last five days, the stock has lost -4.55%. Cognizant Technology Solutions Corp. shares have fallen nearly -4.81% since the year began. Nevertheless, the stocks have risen 25.17% over the past one year. While a 52-week high of $80.09 was reached on 02/23/24, a 52-week low of $57.24 was recorded on 03/22/24. SMA at 50 days reached $77.08, while 200 days put it at $70.73. A total of 5.79 million shares were traded, compared to the trading of 7.63 million shares in the previous session.
Levels Of Support And Resistance For CTSH Stock
The 24-hour chart illustrates a support level at 71.46, which if violated will result in even more drops to 71.01. On the upside, there is a resistance level at 72.48. A further resistance level may holdings at 73.06. The Relative Strength Index (RSI) on the 14-day chart is 27.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.87%. Stochastics %K at 9.23% indicates the stock is a buying.
How much short interest is there in Cognizant Technology Solutions Corp.?
A steep rise in short interest was recorded in Cognizant Technology Solutions Corp. stocks on Feb 29, 2024, dropping by -2.13 million shares to a total of 9.47 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 11.6 million shares. There was a decline of -22.49%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.16% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.48.
